Located at 300 Lakeside Dr., Kaiser Center consists of the28-story, 784,689-sf Kaiser Center I office building; Kaiser CenterII, a mixed-use, 128,730-sf retail/office building; and afive-story, 1,339-stall parking garage designed to service the twooffice assets.
UC Regents leases all of floors five, six and seven and portionsof the third and 12th floors in Kaiser Center I. Prior to therenewal, there had been talk of Kaiser relocating. The negotiatedlease rate on the deal was not revealed; the average full-serviceasking rate in the Lake Merritt submarket average $32.59 per sf peryear.
Steve Barker, Kevin Brennan & Matt Hart of Studleyrepresented UC Regents. Charlie Allen and Ryan Hattersley ofCushman & Wakefield represented the building owner.
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