John Dolby, vice president of leasing for Shorenstein Cos.'multi-building Oakland City Center portfolio, tells GlobeSt.com thebank will be completing its own tenant improvements beginning thismonth and expects to occupy the space in December or January. Thelong-term commitment is one of the larger leases in Shorenstein'sOakland portfolio this year.
The negotiated lease rate was not released by the partiesinvolved and not otherwise immediately available. The full-serviceasking rate for space in the building is $30 per sf per year.
The seventh floor of 505 14th St. has been vacant since May. Thelease leaves just 7,400 sf available in the 169,000-sf building,Dolby says.
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