Newmark Tapped to Lease Oakland Offices Under New Ownership
Newmark has been hired to lease Plaza 360, an eight-story, 116,018-square-foot office building located at 360 22nd St. in Oakland, which is under new, undisclosed ownership. Managing director Conor Ranahan and director Thomas Southern are leasing the building and Newmark Property Management has been retained to service the building on behalf of the owner.
“We are pleased to have been selected to lease this building,” said Ranahan. “Like many other Bay Area submarkets, the Oakland office market is getting its bearings as landlords and tenants alike solve for rent costs and concessions in the current climate.”
He added, “Our client is highly motivated to attract new tenants and will prioritize economics and responsiveness to tenant needs to do so. I’m proud to say we are already seeing positive activity.”
Partially leased to a diverse tenant roster, Plaza 360 offers creative spaces that range from 1,500 to 20,000 square feet.