{"id":1004139350,"date":"2016-03-15T00:05:35","date_gmt":"2016-03-15T08:05:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004139350"},"modified":"2020-05-10T22:28:26","modified_gmt":"2020-05-11T06:28:26","slug":"premier-oakland-waterfront-retail-and-office-space-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/premier-oakland-waterfront-retail-and-office-space-changes-hands\/","title":{"rendered":"Premier Oakland Waterfront Retail and Office Space Changes Hands"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

\"Jack<\/a>

Jack London Square, Oakland, Calif.<\/p><\/div>\n

San Francisco<\/strong>\u2014CIM Group<\/a> has acquired Jack London Square, an approximately 434,000-square-foot mixed-use property<\/a> on the waterfront in downtown Oakland, Calif., from Jack London Ventures, which consists of commercial realty firms Ellis Partners, Transbay Holdings and DivcoWest.<\/p>\n

The sale price was not disclosed.<\/p>\n

\u201cWe are very proud of our role in the renaissance of Jack London Square over the last 14 years,\u201d Jim Ellis, Ellis Partners managing principal, said in a prepared release. \u201cThrough good economic times and bad, the dedication of many has helped further the square\u2019s attraction as a world-class dining, entertainment, tourism and family destination on Oakland\u2019s unique waterfront.\u201d<\/p>\n

The 12-acre property consists of three office buildings with ground and second floor retail totaling approximately 243,000 square feet, 191,000 square feet in three retail buildings, a 1,095-stall parking facility with ground floor retail, and three land parcels.<\/p>\n

Additionally, CIM purchased two adjacent privately owned fee parcels, with plans to develop a residential tower of up to 665 units and a parcel entitled for the development of a 250-key, 220,000-square-foot hotel. Both projects will offer sweeping views across the Bay and of the San Francisco skyline.<\/p>\n

Jack London Square\u2019s seven mid-rise buildings are spread across the property around a central plaza that is programmed year-round with special events to enhance public engagement.<\/p>\n

The waterfront provides a significant recreation opportunity including biking trails, picnic areas, and water sports and also offers numerous dining and entertainment options that appeal to employees, residents and visitors.<\/p>\n

Jack London Square is accessible by ferry, Amtrak, BART and a free downtown shuttle service and is close to major transportation corridors including I-80, I-580, I-880, and I-980.<\/p>\n

CIM\u2019s Bay Area portfolio is now comprised of approximately 3.1 million square feet that includes a variety of Class A commercial properties in San Francisco and Oakland.<\/p>\n

Image courtesy of Jack London Square <\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

CIM Group has acquired a premier mixed-use asset in the San Francisco Bay Area from Jack London Ventures.<\/p>\n","protected":false},"author":451,"featured_media":1004139369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21783,21752,21742,21747,21749,1609,15],"tags":[],"class_list":["post-1004139350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-investment","category-mixed-use","category-latest","category-office","category-retail","category-san-francisco","category-west"],"acf":[],"yoast_head":"\nPremier Oakland Waterfront Retail and Office Space Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/premier-oakland-waterfront-retail-and-office-space-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Premier Oakland Waterfront Retail and Office Space Changes Hands\" \/>\n<meta property=\"og:description\" content=\"CIM Group has acquired a premier mixed-use asset in the San Francisco Bay Area from Jack London Ventures.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/premier-oakland-waterfront-retail-and-office-space-changes-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-15T08:05:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T06:28:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/7_JLS_DSC5801.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"665\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/premier-oakland-waterfront-retail-and-office-space-changes-hands\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/premier-oakland-waterfront-retail-and-office-space-changes-hands\/\",\"name\":\"Premier Oakland Waterfront Retail and Office Space Changes Hands - 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