CBRE Arranges & Closes Lease for 955 Kennedy Street in Oakland to One of the World’s Largest Electrical Distributors in Oakland, CA

CBRE, Oakland, San Francisco, Bay Area,

CBRE, Oakland, San Francisco, Bay Area,

OAKLAND, CA — MAY 23, 2017 — CBRE Group, Inc. today announces announced that Michael Barry, Senior Vice President, and Bob Ferraro, SIOR, Senior Vice President, from CBRE’s Oakland’s office have successfully closed a 99-month lease on behalf of landlord Hager Pacific Properties along for the ±119,000 SF warehouse in Oakland CA.

Located at 955 Kennedy Street on 4.62 Acres, the Property provides ±425’ of I-880 Freeway frontage along with abundant parking and a fenced parking/yard.

Chris van Keulen, Vice President, CBRE Oakland and Amy Chadick, Senior Transaction Manager with CBRE Dallas’ Global Workplace Solutions group represented the Tenant.

“The tenant will benefit from the building’s highly visible freeway exposure, dock loading and yard area,” shared Michael Barry. “We feel that the 955 Kennedy Street Property will meet this Tenant’s many needs and set them up for success in this market.”

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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