1221 City Center Photo courtesy of TMG Partners 1221 City Center. Photo courtesy of TMG Partners

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.

Recommended For You

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

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 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.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.