September 17, 2019 Comments Off on BART Buying Oakland Building for HQ Views: 526 Bay Area, California News

BART Buying Oakland Building for HQ

Order Reprints...

BART’s Board approved relocating its headquarters to 2150 Webster St. in Oakland in 2021. The transit agency is planning to acquire Lane Partners’ recently-renovated 244,000-square-foot building for $142 million.

In addition to closing costs, $85 million in interior construction is planned that would be financed by a 25-year sales tax bond. BART expects to save at least $210 million in public funds over the 25-year period by purchasing the 10-story building. The lease at its current HQ, 300 Lakeside Dr. in Oakland, expires in July 2021 and the cost of leasing the space is set to increase by 60%.

BART Board President Bevan Dufty says, “The 2150 Webster building will keep our headquarters in Oakland, still be near 19th St. BART Station, but will have the advantage of a ground-floor board room that is more publicly accessible. It will also spur BART administrative staff to downsize their footprint and become more productive through modern, collaborative work practices.”

Connect Direct-to-Consumer is just around the corner at San Jose’s Santana Row. Get more information and register for the September 26th event on this link.

Connect With BART’s Dufty

Connect With Lane Partners

Subscribe to Connect Daily California

For comments, questions or concerns, please contact Dennis Kaiser

Tags: ,

Comments are closed.

Send this to a friend