OAKLAND, CA-Westcore Properties has bought The Clorox Company's headquarters building located in downtown Oakland, California, for an undisclosed amount in a sale-leaseback deal. As per the transaction with Westcore, Clorox will continue to lease 57% of the 24-story tower spanning 520,000 square feet at 1221 Broadway for 15 years with a renewal option for another 15 years.
Westcore has hired Cushman & Wakefield to find tenants for the remaining 163,000-square-foot Class A office space at 1221 Broadway. For the full story, go to Commercial Property Executive .
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