The Swig Company Acquires The Wakefield Building in Oakland

The Swig Company, Oakland, SFunCube, Farella Braun + Martell, Cushman & Wakefield, First Place for Youth, the American Heart Association, the Rockwood Leadership Institute, Lake Merritt, Asian Pacific Education Network

Enhanced Exterior_K1A9322-1San Francisco, CA (December 09, 2014) – The Swig Company has acquired The Wakefield Building located at 416 17th Street in Uptown Oakland.

The Wakefield Building was developed by Dr. W.H. Wakefield in the 1920’s as a medical office building.  The 57,000 SF building has since been transformed into one of Oakland’s premier creative office buildings.  Located just steps from the 19th Street BART Station, the building features tenant spaces suffused with natural light, open ceilings, exposed brick, operable windows, a high-character entrance and lobby, and abundant bike storage with men’s and women’s showers.

The Wakefield is the new home of Sungevity’s incubator spin-off, SFunCube, as well as First Place for Youth, the American Heart Association, the Rockwood Leadership Institute, and the Asian Pacific Education Network.  The Swig Company also owns and operates the nearby Kaiser Center on Lake Merritt.

unnamed“We are thrilled and honored to become the steward for this Oakland treasure and to add such an attractive property to our existing portfolio,” said Tomas Schoenberg, Senior Vice President of Investments for The Swig Company. “The building offers many features favored by firms who are driving Oakland’s renaissance and at a fraction of the cost of similar quality space in San Francisco.”

Seth Siegal and Adam Lasoff of Cushman & Wakefield represented the seller in the transaction. Tony Ratner of the law firm, Farella Braun + Martell provided legal advice to The Swig Company

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.  For more information, visit:  www.swigco.com

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