Shorenstein Properties Retains Cassidy Turley to Secure Tenant(s) for 596,767 SF Oakland High-Rise, 601 City Center

23-Story LEED Platinum Building to Provide Dramatic Addition to Oakland Skyline

Oakland, CA – October 3, 2012 – Cassidy Turley, a leading commercial real estate services provider in the U.S., has announced that property owner Shorenstein Properties has retained the firm for the pre-leasing assignment of 601 City Center, a planned 23-story, 596,767-square-foot Class A office high-rise that will be positioned in the heart of Oakland’s City Center. John Dolby, Senior Vice President and Dane Hooks, Associate with Cassidy Turley’s Oakland office will handle the leasing responsibilities on behalf of Shorenstein, which plans to develop the building once a major tenant(s) is secured.

Measuring 596,767 square feet of gross leasable area in 23 stories, 601 City Center will provide a dramatic new addition to the Oakland skyline while offering phenomenal 360-degree views of San Francisco and the Oakland hills. 601 City Center will be constructed with high quality materials including natural stone at the ground floor, cast stone panels, high performance dual-glazed tinted windows and painted aluminum. A translucent illuminated glass crown will create a distinctive addition to the Oakland skyline. The main entry plaza and ground floor retail will feature a combination of stone and wood finishes and a soaring 20-foot glass entrance wall. A landscaped garden area at 11th Street and Martin Luther King Jr. Way will provide a second entrance to the building. When completed, 601 City Center will also incorporate a number of green design strategies that were integrated into the building to achieve LEED Platinum Certification. The building’s architect is Korth Sunseri Hagey Architects.

601 City Center is conveniently located nearby public transportation, with the 12th Street BART station just a few blocks away, as well as access to AC Transit, the Oakland Ferry and Ride Share. There are also several retail, dining, fitness, and lodging options nearby offered in downtown Oakland.

Mr. Dolby stated, “We are delighted that Shorenstein chose Cassidy Turley to help revamp its effort to secure a tenant(s) for this magnificent new Class A gem in the hub of Oakland.” He added, “Demand has heated up throughout the region from users desiring newer, high-quality Class A space, particularly those that are environmentally sustainable and situated nearby public transportation. 601 City Center promises to be a fantastic opportunity which premier office and retail tenants who have a thirst for class, sophistication and distinction can call home.”

601 City Center will be part of Oakland’s renowned City Center area which serves more than 50,000 people within the downtown Oakland area and is a focal point for commercial and government activity. Located adjacent to the Federal Building in Oakland, the mixed-use development—with its popular pedestrian plaza—offers Class A office space set amidst landscaped walkways, picturesque fountains and a diverse mix of shops and interesting dining options.

For more information about 601 City Center, please visit http://www.601citycenter.com

About Shorenstein Properties LLC
San Francisco-based Shorenstein Properties LLC (www.shorenstein.com) is one of the oldest and most successful private real estate investment companies active throughout the United States in the acquisition, development, ownership and management of office and mixed-use properties. Since its beginning in 1924, the company has evolved from a regional real estate operating company to an active national investor and manager of commingled institutional capital. Shorenstein provides asset management, leasing, property management and construction services to the properties in its portfolio through its wholly owned property services affiliate, Shorenstein Realty Services.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,600 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside of North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.

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