Colliers has been selected to handle the exclusive leasing of 601 City Center, a Class A office tower in downtown Oakland. The assignment comes from the building’s new owner, Kennedy Wilson, which recently took control of the property and is now moving to reposition it in the office leasing market.
The property consists of a 24-story office tower totaling 607,000 square feet. Colliers executives Charlie Allen and Anthony Shell, both executive vice presidents, along with senior vice president Amber Merrigan, have been tasked with leading the leasing and marketing campaign for the tower. Their focus includes reintroducing the building to companies across the Bay Area as a potential corporate address.
According to Colliers, the building offers both large and smaller footprint opportunities. Ownership and the leasing team can accommodate a substantial contiguous block of approximately 260,000 square feet for users seeking scale, while also providing professional office suites beginning at about 5,000 square feet. This range is intended to appeal to a mix of larger occupiers and smaller professional firms.
Completed in 2019, 601 City Center is described as new construction and is positioned as a modern alternative within the local office inventory. It is characterized in the marketing effort by upgraded design elements such as a double-glazed glass curtain wall and an illuminated exterior, which are emphasized as differentiating features in the competitive downtown office landscape.
The tower is notable for being the first high-rise office building delivered in Oakland in roughly a decade, according to the information provided. That milestone underscores the relative scarcity of recent large-scale office development in the city at the time of its completion.
Kennedy Wilson acquired 601 City Center in April through a foreclosure process, according to published reports cited in the coverage. Following that acquisition, the firm moved to appoint Colliers as the exclusive leasing agent to drive occupancy at the tower. No additional transaction details, including pricing or financing terms, were disclosed in the available information.
