Search
 

Brandywine Exec Talks NorCal Strategy

OAKLAND, CA-Daniel Cushing, the company's Northern California managing director, says the firm will focus on holding its dominant position in Oakland while looking to expand into other Bay Area markets.

By Brian K. Miller | Updated on September 17, 2006

OAKLAND, CA-When Brandywine acquired Prentiss Properties earlier this year in a $3.3-billion transaction, it inherited a dominant position in Oakland’s Lake Merritt submarket. Prentiss owns four buildings there totaling about 1.4 million sf that is currently all but full, with just 40,000 sf of vacancy.

In an interview with GlobeSt.com, Brandywine SVP and Northern California managing director Daniel Cushing says Brandywine will focus on maintaining its dominant position in Oakland and building on its relatively new presence in the I-680 corridor.

The tight situation in its Oakland portfolio–2101 Webster, 1901 Harrison, 1333 Broadway, One Kaiser Plaza–has Brandywine following through on a speculative project Prentiss broke ground for in late 2005. The 215,000-sf office building is rising at 2150 Franklin St., which is a piece of land that came with its acquisition of 2101 Webster.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.