Cornish & Carey Commercial Newmark (C&CCNewmark) today announced the firm was selected as the exclusive leasing agent for Broadway Webster Medical Plaza. The 12-story, 98,600-square-foot property is located at 3300 Webster Street in Oakland’s “Pill Hill” district, the submarket with a high concentration of major hospital and medical facilities. Immediate neighbors include Sutter Alta Bates Summit Medical Center and a Kaiser Permanente hospital.
“Broadway Webster Medical Plaza has been viewed historically as the East Bay’s most prestigious and progressive medical building,” said Bill Nork, C&CCNewmark senior vice president and managing director who, together with Jonathan Tomasco, market the property for lease. “Recently completed capital improvements, state-of-the-art infrastructure with ample parking and the right tenant mix make the Plaza a welcoming destination for tenants and patients alike.”
Roughly 25,000 square feet remains available for lease, ranging from suites as small as 755 square feet to a full floor of 8,349 square feet. In addition, two surgery centers are available for lease; the smaller center comprises 3,187 square feet and the larger occupies the entire 10th floor at 8,349 square feet.
Tenants of Broadway Webster Medical Plaza include an on-site pharmacy, full-service bank branch, and ground-floor restaurant, as well as specialists in imaging, surgery, dentistry, internal medicine, oncology, orthopedics and gastroenterology.
Investcorp Real Estate, the U.S.-based real estate arm of alternative asset manager Investcorp, purchased the property in 2011.
About Cornish & Carey Commercial Newmark
A dominant regional real estate force since 1935, Cornish & Carey Commercial Newmark has an expansive reach as part of one of the largest commercial real estate service firms in the U.S. Regionally, Cornish & Carey Commercial Newmark has more than 310 agents in 13 strategically located offices throughout Northern California, creating a powerful platform from which to deliver superior services locally, while upholding its core values of integrity and knowledge. For further information, visit www.ccareynkf.com.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, Newmark Grubb Knight Frank employs more than 11,000 professionals, operating from more than 340 offices in established and emerging property markets on five continents.
With roots dating back to 1929, Newmark Grubb Knight Frank’s strong foundation makes it one of the most trusted names in commercial real estate. Its integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, Newmark Grubb Knight Frank serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.newmarkkf.com.
Newmark Grubb Knight Frank is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.