ReadyTech Expanding Space at Historic Breuner Building
SAN FRANCISCO/OAKLAND (February 22, 2017) – TMG Partners, one of the San Francisco Bay Area’s largest mixed-use property developers, today announced the firm leased 9,200 square feet of office space to online training software provider ReadyTech.
The technology company will relocate from the 2nd floor to the 7th floor, renovating the space for a larger and more open floorplan to accommodate its growing team. TMG Partners is implementing extensive renovations to the building, which includes a full lobby and common area renovations, façade upgrade, and a complete HVAC, elevator and fire life safety modernization.
“The Breuner Building has a long, storied history in Oakland, and we are thrilled to be in a position to make the extensive and needed improvements to restore this Art Deco icon,” said Drew Thomas, Partner with TMG. “Located in the surging Oakland Uptown market, with large floor plates, high ceilings and within two blocks of BART, Lake Merritt and a plethora of restaurants and entertainment venues, the property is ideally suited for the creative, technology and start-up tenant such as ReadyTech. We currently have several additional availabilities, including the full 2nd floor (22,364 square feet) which will be ready for improvements by the end of the second quarter of this year.”
Built in 1931, the building was originally designed by the famed architect Albert Roller as the home of Breuner’s Home Furnishings. Clad in green terra cotta tiling, Art Deco styling and motifs depicting furniture craftsmen adorn the building’s southern and eastern elevations. The building’s northern façade also serves as “The Great Wall of Oakland,” a 100′ x 100’ installation which provides a backdrop for monthly independent films screenings and vertical dance troop performances, playing a central role in the Uptown neighborhood’s cultural resurgence.
“We’ve grown with this building numerous times and our team enjoys its immediate access to Uptown Oakland’s restaurants, Lake Merritt and public transportation,” said Amanda Mathews, Director of Finance at ReadyTech. “The promise of building upgrades and additional investments helped solidify our decision to make 2201 Broadway our headquarters to continue expanding our online training business.”
Cushman and Wakefield’s John Dolby, Dane Hooks and Charlie Sweeney lead all leasing efforts for the building. CM Commercial’s Matt Currie advised the tenant ReadyTech.
About TMG Partners
TMG Partners, founded in 1984 and headquartered in San Francisco, is a full-service real estate development and management company. TMG has developed more than 25 million square feet of property throughout the San Francisco Bay Area, including Emeryville, Marin City, Novato, Palo Alto, San Bruno, San Jose and San Francisco. One of the most active developers in this area, the company has developed a variety of office, retail, residential and industrial properties, ranging from office campus and multi-story properties in urban, infill locations to mixed-use retail and single-story suburban buildings. For detailed information, visit:www.tmgpartners.com
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
ReadyTech is a California-based software company and market leader that provides online training software to many of the largest technology companies in the world. For more information, visit www.readytech.com.