In March 2016, HP Investors acquired the iconic iMagnin Building in Oakland, CA. The Property was originally built in 1933 but fully renovated in 2000 as Class A office space and street level retail. HP Investors purchased the Property in an off-market transaction in a joint-venture with Goldman Sachs.
– Conversion of 53,000 SF department store to Class-A creative office building with efficient side-core creative floorplates
– Located at major intersection in Downtown Oakland, immediately adjacent to 19th Street BART, across from Uptown Station (450,000 SF Class-A office conversion) and within two blocks of Uptown District and multiple large-scale office and multifamily developments
– Retail upside available through enhancement of ground-floor access with additional doors (achieved – 2018)
Nvidia, Caremetx, Roofstock
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