Iconic Oakland office tower gets boost from key real estate lease
OAKLAND — A big workspace and creative office company has leased multiple floors in downtown Oakland’s iconic Tribune Tower building in a deal that’s poised to bolster the local economy and real estate market.
Regus, which is one of the brand names of Switzerland-based IWG, a provider of workspaces worldwide, signed a lease to occupy 17,600 square feet on floors six, seven and nine of the Tribune Tower at 409 13th Street. Highbridge bought the Tribune Tower in 2019, acquiring the highrise from an alliance of Harvest Properties and True North Management Group, which renovated and revitalized the landmark building.
PG&E, Kaiser, Block and Clorox, Blue Shield of California and other big organizations are all located in downtown Oakland. These big enterprises frequently seek out consulting and information tech experts for an array of projects. “It’s also the startup community, creative companies, as well as individuals who want to get out of their homes after they had been working from home for three years,” Abrams said. “People who are in shared workspaces find these are great networking opportunities.”
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