{"id":1004168959,"date":"2017-03-13T04:30:29","date_gmt":"2017-03-13T12:30:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004168959"},"modified":"2022-12-07T22:36:35","modified_gmt":"2022-12-08T06:36:35","slug":"blue-shield-of-ca-heads-to-oakland","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blue-shield-of-ca-heads-to-oakland\/","title":{"rendered":"Blue Shield Heads to Oakland"},"content":{"rendered":"<p><em>By IvyLee Rosario<\/em><\/p>\n<div id=\"attachment_1004169075\" style=\"width: 439px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/20161202_srtt12r02_cam1c_final_v06.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004169075\" data-attachment-id=\"1004169075\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/blue-shield-of-ca-heads-to-oakland\/20161202_srtt12r02_cam1c_final_v06\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/20161202_srtt12r02_cam1c_final_v06.jpg\" data-orig-size=\"800,601\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1478796061&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"610 City Center, Oakland\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;610 City Center, Oakland&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/20161202_srtt12r02_cam1c_final_v06.jpg?w=800\" class=\"wp-image-1004169075 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/20161202_srtt12r02_cam1c_final_v06.jpg\" alt=\"610 City Center, Oakland\" width=\"429\" height=\"322\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/20161202_srtt12r02_cam1c_final_v06.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/20161202_srtt12r02_cam1c_final_v06.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/20161202_srtt12r02_cam1c_final_v06.jpg?resize=768,577 768w\" sizes=\"auto, (max-width: 429px) 100vw, 429px\" \/><\/a><p id=\"caption-attachment-1004169075\" class=\"wp-caption-text\">610 City Center, Oakland<\/p><\/div>\n<p><strong>San Francisco<\/strong>\u2014Blue Shield of California is relocating\u00a0its headquarters in 2019 to 601 City Center in Oakland, Calif. from its current location at\u00a050 Beale St. in San Francisco. The move is designed to reduce administrative costs as well as provide a new, state-of-the-art facility for 1,200 employees and strengthen the company\u2019s position for long-term, sustainable growth.<\/p>\n<p>The 601 City Center building is being developed by Shorenstein Realty Services on behalf of a joint venture between a Shorenstein investment fund and MetLife.\u00a0Construction on the 24-story high-rise\u00a0begins in 2017 and will be ready for occupancy in the third quarter of 2019. The property, located in Oakland&#8217;s business district, will be LEED Gold Certified and will encompass 600,000 square feet of space.<\/p>\n<p>Blue Shield will occupy\u00a0200,000 square feet at the 601 City Center. The company estimates that this lease could save at least $26 million over the same term of occupancy compared to San Francisco.<\/p>\n<p>Blue Shield will also be opening a new office in San Francisco\u00a0with a conference center, event space and sales department. The Foundation, an independent organization funded entirely by contributions from Blue Shield, will remain headquartered in San Francisco.<\/p>\n<p>\u201cBlue Shield has called San Francisco its home since the health plan was founded 78 years ago. We are proud of our relationship with San Francisco, dedicated to its communities and committed to keeping the Foundation headquartered in the city,\u201d said Paul Markovich, president &amp; CEO of Blue Shield, in prepared remarks. \u201cHowever, Blue Shield\u2019s mission challenges us to evaluate our resources in a way that furthers access to affordable, quality health care.&#8221;<\/p>\n<p>JLL&#8217;s Tom Maloney represented Blue Shield in the lease transaction. The\u00a0landlord was represented by Tom McDonnell of Shorenstein Realty Services and John Dolby and Dane Hooks of Cushman &amp; Wakefield.<\/p>\n<p><em>Image courtesy of Shorenstein website<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company\u2019s headquarters move from San Francisco is expected to bring $26 million in savings.<\/p>\n","protected":false},"author":746,"featured_media":1004169075,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21742,21747,1609,15],"tags":[32799,32796,32779,32924],"class_list":["post-1004168959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-latest","category-office","category-san-francisco","category-west","tag-cushman-wakefield","tag-jll","tag-leed","tag-metlife"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Blue Shield Heads to Oakland - 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\/blue-shield-of-ca-heads-to-oakland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blue Shield Heads to Oakland\" \/>\n<meta property=\"og:description\" content=\"The company\u2019s headquarters move from San Francisco is expected to bring $26 million in savings.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blue-shield-of-ca-heads-to-oakland\/\" \/>\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=\"2017-03-13T12:30:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T06:36:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/20161202_srtt12r02_cam1c_final_v06.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"601\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blue-shield-of-ca-heads-to-oakland\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blue-shield-of-ca-heads-to-oakland\\\/\"},\"author\":{\"name\":\"IvyLee Rosario\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/f2094ece0e063845f848c7f1c7b84780\"},\"headline\":\"Blue Shield Heads to Oakland\",\"datePublished\":\"2017-03-13T12:30:29+00:00\",\"dateModified\":\"2022-12-08T06:36:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blue-shield-of-ca-heads-to-oakland\\\/\"},\"wordCount\":315,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blue-shield-of-ca-heads-to-oakland\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/03\\\/20161202_srtt12r02_cam1c_final_v06.jpg\",\"keywords\":[\"Cushman &amp; 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