Gensler expands into Oakland, fourth Bay Area office



32ffa pandora hq sign oakland%2A304xx1728 2592 104 0 Gensler expands into Oakland, fourth Bay Area office

Gensler is moving into 2101 Webster, the taller of the two towers that make up CIM Group’s Center 21.








32ffa torresblancav2 Gensler expands into Oakland, fourth Bay Area office
Blanca Torres
Reporter- San Francisco Business Times

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Gensler, the largest architecture firm in the Bay Area, is expanding into Oakland. The firm leased 14,000 square feet on the top floor of 2101 Webster St., a 473,000-square-foot, 20-story office tower owned by CIM Group.

The Oakland location is Gensler’s fourth in the Bay Area in addition to San Francisco, San Jose and in Bishop Ranch in San Ramon.

Gensler plans to move into its Oakland office early next year and will share its address with other tenants such as Pandora, the online music streaming company. The firm pulled in close to $90 million in revenue from its Bay Area projects in 2013 with 473 local employees, according to Business Times research.

The lease, while not huge, is another indicator of Oakland’s growing popularity for expansion offices. As the Business Times reported last week, tenants looking to add more space without the San Francisco price tage, are finding that Oakland offers available space, access to BART and proximity to where many employees live.

Other companies such as Minted.com, an online design firm, and law firm Gordon Reese also expanded their operations into Oakland in the past two years.

The tower is part of Center 21, a pair of Class A office buildings near Lake Merritt.

Trent Holsman, Ken Meyersieck and Scott Greenwood of Colliers International represented CIM in the deal. Gensler was represented by Cushman Wakefield.

Blanca Torres covers East Bay real estate for the San Francisco Business Times.



Article source: http://www.bizjournals.com/sanfrancisco/blog/real-estate/2014/08/gensler-expands-oakland-office-lease-cim-group.html

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