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California  + Office  | 

TMG Acquires Second Oakland Office Asset

San Francisco-based TMG Partners acquired 2201 Broadway, an eight-story 198,000-square-foot office building in Oakland, CA from an undisclosed seller for a reported $77 million. The art deco building, located in Uptown, was acquired via the firm’s discretionary separate account.

TMG Partners’ David Cropper says tenant demand is surging, especially for locations in rich urban settings. “Oakland’s Uptown is truly a mixed-use neighborhood with restaurants, retail, art and entertainment, as well as housing and office space. We believe it [2201 Broadway] will be a standout address for technology and other office tenants.”

2201 Broadway is TMG Partners’ second Oakland office acquisition, following the acquisition of 1330 Broadway in November of last year.

Newmark Cornish & Carey’s Michael Taquino, Dan Cressman, and Kyle Kovac handled the transaction.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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