Delta Dental Expands Oakland Office, Leasing 25,000 SF At 1333 Broadway

The asset involved in this lease transaction is an office space located at 1333 Broadway in Oakland. The office spans a total of 25,000 square feet, and the area is currently navigating a challenging market with a vacancy rate of 35.7% as of Q2. Delta Dental has been a tenant in this building since 2017 and is expanding its footprint significantly.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 1333 Broadway
• Market: Oakland
• Asset Size: 25,000 square feet
• Landlord: Swift Real Estate Partners
• Tenant: Delta Dental
• Landlord's Rep: Scott Greenwood & Trent Holsman - CBRE
• Tenant's Rep: Mark McGranahan - Avison Young

Delta Dental's expansion will increase its office space from approximately 118,000 square feet to around 142,300 square feet, making it the largest lease deal in downtown Oakland in the past year. The transaction showcases the ongoing presence of Delta Dental in the region as they adapt to current market conditions.