Shorenstein Retains Tenants at City Center

OAKLAND, CA-Four office tenants at Oakland City Center recently inked deals with owner Shorenstein Properties, keeping occupancy above the market average. The 3.5-million-square-foot, multi-building office and retail development is located directly above the 12th Street Bay Area Rapid Transit Station in Downtown Oakland.

Itron, a purveyor of solid-state utility meters signed a direct lease for 23,134 square feet on the 18th floor of 1111 Broadway. The company has been subleasing the space for three years. The new lease commences on October 1, 2009 and will run for five years and four months.

Also at 1111 Broadway, Compass Lexecon, an economic consulting subsidiary of FTI Consulting is expanding its current space on the 15th floor. The firm has added 5,420 square feet to its current lease of 6,601 square feet. The newly expanded lease will run for five years and will begin April 1, 2009.