Swift Real Estate Partners has purchased 1111 Broadway in Oakland, Calif.
The sales price and the identity of the seller were not disclosed.
111 Broadway is a “best-in-class” office building located in the heart of Oakland’s CBD and situated directly atop the 12th Street BART station. The 24-story, class A office building totals 565,877 square feet and features 24,000-square-foot floor plates. Tenants also benefit from panoramic views, destination dispatch elevators, onsite parking and a recently renovated lobby. The asset is 91 percent leased to a premier roster of diverse tenants.
Swift is currently investing on behalf of its third institutional value-add fund focused on West Coast office and industrial assets.
