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OAKLAND-Bell Investment Advisors president and owner Jim Bell says that the company’s decision to relocate to an Oakland City Center building was strongly motivated by the building’s ambience and lively downtown neighborhood.

Bell Investment Advisors, a local financial planning and investment management firm, has signed a seven-year lease with Shorenstein Company to occupy 3,202-sf of office space on the 21st floor at Oakland City Center’s 1111 Broadway building. The Oakland City Center consists of more than 3.5 million-sf of office space, as well as 18 restaurants, more than a dozen retail shops and services, a complete athletic club and parking for 2,840 vehicles.

The company is relocating from its current location in the Ordway Building at One Kaiser Center in Oakland. The lease begins on January 1, 2003.

The lease rate on the deal was not immediately available. The asking price at City Center averages $32 per sf, which is costlier than most spaces in Downtown Oakland. David Englert and Mel Harrison of BT Commercial represented Bell Investment Advisors in the transaction, while John Dolby of Shorenstein Realty Services represented Shorenstein.

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