TMG Partners Goes Back for Seconds in Oakland
By
Tony Seruga
The investment is a continuation of TMG’s strategy to acquire value-add properties.
2201 Broadway
Oakland, Calif.—Following the purchase of the 1330 Broadway office building at the end of last year,
TMG Partners announced the acquisition of another high-profile Oakland asset from seller
Metrovation. The company recently closed on the purchase of 2201 Broadway, an
office building in the city’s Uptown submarket. The buyer worked with Newmark Cornish & Carey representatives Michael Taquino, Dan Cressman, and Kyle Kovac.
Located in an area that offers dining, entertainment and retail options, the office building offers a total of 198,000 square feet of space. The eight-story asset provides easy access to a BART station and is part of an area of the city that has become synonymous with development. Roughly $1 billion worth of real estate is in various planning stages in and around Uptown, thus preparing the area for a resurgence…
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