Client Profile: Pacific Properties (Lake Merritt)

23rd & Valdez, Oakland, CA 94612

Size
68,000 Square Feet
Acquisition Cost
$11.5 million
Project Value
$83 million

Aegis represented Pacific Properties in this purchase of 68,000 ft from Upper Lake Merritt Partners is September of 2004. The site was entitled for a high rise of 237 condos. The site is currently used as a parking lot. The Upper Lake Merritt market has seen increasing demand for housing and units should be coming to market in late 2007.

“The formula is very simple; we make tenants our priority. We listen to them and visit them on a regular basis to understand their current and future needs. When it comes time for our clients to make a decision, it is an easy process, because they trust our capabilities. They know that we will represent them fairly and successfully in their office space needs.”

—Matt Elmquist, Principal

A Few Words from Our Clients

“They helped us negotiate a very aggressive rate for our new space and delivered what was promised on time and efficiently.”

—James Jackson, Childrens Hospital Oakland

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AEGIS Realty Partners (510) 273-2000 555 12th St., Suite 110 Oakland, CA 94607

Disclaimer: The office space information presented on our commercial real estate website is believed to be accurate. AEGIS Realty Partners makes no express guarantee, however, as to the reliability of the information about the available properties or office space square footage presented on our Oakland Office Space, Alameda Office Space, Emeryville Office Space, or Berkeley Office Space pages in particular, as these pages are updated quarterly, not on a daily basis.