Rockpoint Group and The Swig Company Complete Recapitalization of Kaiser Center in Oakland

300 Lakeside Kaiser Center Oakland KKR San Francisco TMG Partners Swig Company Rockpoint Group Eastdil Secured Gensler

BOSTON & SAN FRANCISCO–Affiliates of Boston-based Rockpoint Group, L.L.C. (“Rockpoint”) and San Francisco-based The Swig Company today announced the recapitalization of the ownership of Kaiser Center, an iconic 975,000 square foot office complex in downtown Oakland. Terms of the transaction were not disclosed.

Located at 300 Lakeside Drive in Oakland’s popular Uptown District, Kaiser Center comprises a 28-story, approximately 845,000 square foot Class A office tower plus two low-rise retail/office buildings totaling approximately 130,000 square feet, including a new, three-level co-working facility. The Tower features a unique mid-century modern design, with 29,000 square foot floor plates, high ceilings and unobstructed 360-degree views from nearly every floor in the building, including vistas of San Francisco Bay, the city and Lake Merritt.

The 1,339-stall parking garage features an extensively landscaped, 3.5-acre rooftop garden that is a unique amenity for office users and the surrounding area. Situated on seven acres, Kaiser Center is considered one of the Bay Area’s preeminent urban campuses and is just 1.5 blocks from the 19th Street BART station, providing excellent public transit access.

The Tower is well-leased to strong credit tenants including BART, The University of California, and Kaiser Foundation Health Plan, Inc. The partners plan a comprehensive repositioning of the asset, including major renovations to the lobbies, common corridors and project landscaping and retail amenities.

About Rockpoint Group
Rockpoint Group, L.L.C. (www.rockpointgroup.com) is a real estate private equity firm headquartered in Boston, with additional primary offices in Dallas and San Francisco. Since 1994, Rockpoint’s founding Managing Members, with others, have sponsored twelve commingled funds and related co-investment vehicles, raising approximately $17 billion in capital commitments and investing approximately $13 billion of equity in over 360 transactions with a total capitalization of approximately $48 billion. Rockpoint employs a fundamental value approach to investing in both its opportunistic and lower-risk strategies and focuses on select product types and geographic regions, with a primary emphasis on opportunities in major coastal markets in the United States.

About The Swig Company
The Swig Company, LLC is a privately-owned, San Francisco-based real estate operator with a 75+ year history of investment, development, partnership and management of commercial real estate properties in major US markets. Founded by Benjamin Swig, The Swig Company is guided by a long-term investment perspective that has proven adept at stewarding investors safely through multiple market cycles. The company’s vertically-integrated operational platform, which includes investment, asset and property management expertise, uses flexibility, generational thinking and a sensitivity to sustainable practices to stay at the forefront of emerging trends in the commercial real estate industry. www.swigco.com.

West Coast Commercial Real Estate News