Avison Young announces lease/grand opening for new single-tenant Starbucks Coffee location in Oakland, CAJune 2, 2022
Avison Young Senior Vice President Cameron Baird and Senior Associate Andrew Rebennack represented the landlord, a private owner from the Bay Area.
Originally built in 1993, the property is situated on a .33-acre site and includes a drive-thru amenity which ultimately drew Starbucks’ interest to the site. It was formerly occupied by KFC which vacated in June 2021. Starbucks underwent a major renovation on the asset which opened for business this week.
“This location provided Starbucks with a rare drive-thru opportunity in the growing Oakland market,” said Baird. “This transaction is a prime example of a renewed interest by credit tenants in Oakland as large employers pursue Oakland’s diverse workforce and affordable rents such as Twitter who recently signed a 66,000-sf lease at 1330 Broadway.”
Baird added: “The ownership is excited to partner with Starbucks on a long-term mutually beneficial opportunity to service the surrounding community and neighborhood.”
The property is well-located on Telegraph which is a major vehicular thoroughfare with direct access to downtown Oakland from the northern and eastern parts of the East Bay and is proximate to Highway 24 and Interstate 580.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2022 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 11 consecutive years.