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20-Story CBD Project Awaits Anchor

OAKLAND, CA-The San Francisco-based firm recently won city approval for a 20-story Downtown office tower but wants an anchor tenant before breaking ground.

By Brian K. Miller | Updated on March 18, 2008

OAKLAND, CA-SKS Investments recently received development entitlements for a 20-story Downtown office tower here at 1100 Broadway, next to the historic Security Bank of Trust Building. When it actually gets built will be up to the market.

The San Francisco-based investor, advisor, manager and developer says it isn’t currently planning to develop the 320,000-sf building on a speculative basis due to the uncertain nature of the economy at the moment. Until conditions change for the better, SKS has said it will wait for an anchor tenant before moving forward.

Tasked with securing that anchor tenant is Ken Meyersieck of Colliers International. Neither Meyersieck nor SKS vice president Steve Wolmark could be reached Tuesday afternoon for comment.

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