2001 Broadway

2001 BROADWAY

Address

2001 Broadway, Oakland, CA 94612

Acquisition

March 4, 2016

Property Type

Office/Retail

Size

59,186 SF

Property Description:

In March 2016, HP Investors acquired 2001 Broadway, a 59,000 SF mixed-use retail and office building, in a joint-venture with Goldman Sachs. Built in 1939 as the I.Magnin department store, the building was successfully repositioned by HPI from a 50% vacant Class-B office building to a 100% occupied Class A office project. Value-add initiatives included a full renovation of the lobby, building systems, and adding additional retail storefronts to a historic art-deco building.

The building was acquired as a part of a joint venture with Goldman Sachs, and is located at the heart of the Uptown District of Downtown Oakland.