OAKLAND, CA—TMG Partners and global investment fund KKR have expanded their portfolio here with the purchase of the 1221 City Center office building.
The acquisition of the 24-story, 522-000-square-foot downtown office building is the second purchase by TMG and KKR in Oakland this year. In July, the partnership of San Francisco-based TMG Partners and KKR, which maintains its headquarters in New York City, acquired 1330 Broadway.
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