Downtown Oakland office tower is bought, PG&E leases highrise for HQ

Downtown Oakland office tower is bought, PG&E leases highrise for HQ

4 years ago
Anonymous $RGO3jP_V_c

https://www.siliconvalley.com/2020/10/23/downtown-oakland-office-tower-is-bought-pge-leases-highrise-for-hq/

OAKLAND — PG&E has leased an iconic downtown Oakland office tower that’s part of a lakeside complex that veteran developer TMG Partners has bought in a deal expected to provide a major economic boost for the East Bay’s largest city.

TMG Partners has completed its purchase of 300 Lakeside, an office and retail complex that’s perched on the shores of Lake Merritt in downtown Oakland, saying that PG&E has concurrently leased the office tower section of the property. The seller is a joint venture of Swig Co. and Rockpoint Group.

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