Completed in 1990, the 560,000-sf building is part of Shorenstein Co.'s Oakland City Center, a 3.5-million-sf, multi-building office development located directly above the 12th Street BART station. Kennan EVP Dave DeWinter says he looked at several Downtown options before deciding on 1111 Broadway.
"The parking is good, the building's floor plans work well with our office configuration and the location is excellent," says Kennan EVP Dave DeWinter. "Also, the convenience of BART is really important to our employees, customers and vendors visiting on a regular basis from our other locations throughout the state."
Shorenstein is marketing about 75,000 sf in the building. About 14,000 sf of the space is currently available while the rest is coming available over the course of the second half of the year.
Mark McGranahan of Cushman & Wakefield represented Keenan & Associates. Deloitte & Touche acted on its own behalf. John Dolby represented Shorenstein.
In other recent lease activity in the building, Deloitte & Touche USA LLP has extended its 14,014-sf lease on the 20th floor of 1111 Broadway for an additional five years. The accounting firm has been a tenant in the building for the past decade. The lease renewal takes effect in December.
In addition, Old Republic Title's 9,380-sf corporate headquarters lease on the 21st floor of 1111 Broadway commences this September. The company is relocating from Walnut Creek.
The top two floors of the building are leased to the Wendel, Rosen, Black & Dean law firm, which in 2003 inked a 10-year lease renewal for its 38,200-sf space and in January 2005 expanded by 9,000 sf.
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