July 8, 2016 Comments Off on Uber Deux? Lane Partners Redeveloping Another Creative Office Views: 436 Bay Area, California, California News, West

Uber Deux? Lane Partners Redeveloping Another Creative Office

Menlo Park-based Lane Partners and Chicago-based Walton Street Capital acquired another office property in Oakland at 2150 Webster St. The duo plan to redevelop the 228,000-square-foot building into creative office space.

Lane Partners and Walton Street Capital bought the property from AT&T for $44 million. They expect construction will span more than a year. Gensler is designing the project, while CBRE’s Bill Cumbelich and Matt Kroeger are handling the leasing assignment.

Lane Partners’ Scott Smithers says the column spacing and high ceilings make the 2150 Webster space ideal for adaptive reuse, similar to what was completed for Uber Technologies Inc. Last year, the developer and financial partner redeveloped and sold Oakland’s former Sears Building to Uber.

Read More at San Francisco Business Times

Connect with Lane Partners’ Smithers

Connect with RE’s Cumbelich

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