OAKLAND, CA—Divco West has completed the purchase of Lake Merritt Plaza, which includes two buildings located at 1999 Harrison and 1956 Webster in Oakland.
1999 Harrison is a 27-story, approximately 490,000 square foot, LEED Gold Certified building constructed in 1985. 1956 Webster is a four-story, approximately 45,000 square foot building constructed in 1955 and renovated in 2001. The property is only two blocks from BART and currently approximately 80% occupied.
DivcoWest plans to upgrade the property focusing on improvements to the lobby and common area space.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
