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7/18/23
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In Oakland office news, there has been two lease extensions totaling 10k sf at the Rotunda Building, a 300k sf office and retail building located at 300 Frank Ogawa Plaza in downtown Oakland. The Rotunda Building is owned by Rubicon Point Partners, who purchased the building in January 2022 and has already begun work on significant upgrades to building systems, common areas, and new tenant amenities.
The latest tenant signings were with East Bay Endoscopy Surgery Center, an outpatient endoscopic facility specializing in gastroenterology, and East Bay Center for Digestive Health, a provider of comprehensive gastroenterology and hepatology services. CBRE’s Andy Schmitt, Trent Holsman and Alex Robertson represented the landlord, Rubicon, in the deals. Michael Sharapata of JLL represented East Bay Endoscopy Surgery Center and Russel Gallaway of Gallaway Commercial repped East Bay Center for Digestive Health.
“The Rotunda is one of downtown Oakland’s most iconic buildings – its architectural details and unique history have stood the test of time as the City continues to grow and evolve. The Rotunda’s proximity to local restaurants and public transit have made it a destination for weddings, galas and other local events, and the forthcoming renovations will bring modern touches to a treasured building Schmitt.
Built in 1912, the Rotunda Building was originally designed as a Kahn’s Department by Bay Area architect Charles Dickey, who also designed the Claremont Hotel. Both the Rotunda and the Claremont Hotel are on the National Register of Historic Places. The building underwent major renovations and a full seismic upgrade in 2000, when the prior owner converted it to an office and retail building.
Rubicon is now working with RMW Architecture & Interiors to renovate the building’s common areas and modernize its amenities. Common area renovations include a new fitness center with showers and lockers, lounge area, game room, and a large meeting and conference center. The property’s ground level, often used for events and weddings, will also receive a new bridal suite and other modern finishes. Upgrades are starting this summer and are expected be completed in 2023 and early 2024.
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