Orrick Advises Swift on Purchase of "Best‐in‐Class" Office Tower in Oakland’s Dynamic CBD

August.20.2021

Our real estate group represented Swift Real Estate Partners on the ~$325 million acquisition of 1111 Broadway in Oakland, California, investing on behalf of its third institutional value-add fund. We also advised on the mezzanine and senior financings from the lender, an affiliate of Brookfield. The LEED Gold Certified, Class A office building was purchased from The University of California Regents and is currently 91% occupied with prominent tenants, including Merrill Lynch and HNTB Corporation.

Our team was led by partner Jack Machalow with assistance from managing associate Kelsey Kummer.

“We were thrilled to partner with Swift on one of its largest acquisitions to date and honored by their continued trust in us, as this marquee building is an important addition to Swift’s growing East Bay portfolio,” said Jack.