Oakland Means Business with Latest Office Whopper

2101 Webster is a 473,000-square-foot office in the two-building complex Center 21 (credit: Yardi).

OAKLAND, CA—An affiliate of Connecticut-based investment firm Starwood Capital paid a combined $494 million for three office properties this week, according to county property documents. The combined five-asset portfolio valued at $1 billion makes it the priciest commercial real estate market offering in Oakland, according to CoStar.

The office buildings are located at 2100 Franklin St., 2101 Webster St. and 1900 Harrison St. near Lake Merritt in downtown. The space is distributed between Center 21, a two-building complex including the 217,000-square foot office tower at 2100 Franklin St. and a 473,000-square-foot office building at 2101 Webster St., along with a 284,955-square-foot office tower at 1900 Harrison St.