Cerexa Pharmaceuticals just released a prime chunk of Class-A sublease space in Oakland and we have the details. The drug developer's parent company on the East Coast is right sizing, so that means it's got 48k SF suddenly up for grabs at 2100 Franklin, pictured. (Grab it now!) CM Commercial was just hired to lease out what principal Matt Currie calls "killer fully furnished space." While a little traditional in its amount of private offices, 38k SF of it (the 9th floor and half of 8th floor) is perfect for a back office, traditional, or institutional user—especially one migrating from the city, he says. (Yesterday we dug into the trend of more companies making the jump to East Bay from S.F.)
The remaining 11k SF available—half of 8th floor—is awesome open space though not furnished. (Here's the kitchen.) That slice would appeal to more open plan and tech users, he says. Tenants can move is as soon as October, with a term through May 2020. The LEED Gold, nine-story building sits two blocks from Lake Merritt and 19th Street BART. Matt let us in on some other CM news: It's in the process of selling 1746 Post St in Japantown. Seller Viz Pictures put a lot of money into high-quality construction and CM just needs the right profile user who wants to be in Japantown and can appreciate the level of finish (pictured below).
The 21k SF building, erected in 2009, also has a large 140-seat movie theater inside and can be delivered totally vacant in November 2015. It’s really a jewel box building, he tells us. Up in North Beach, the rehabbed movie theater at 295 Bay—and Viz's former home—is still up for sale or lease from Sansome Street Advisors (in its Hollywood heyday, the theater showed such flicks as the premieres of Star Wars and Platoon). It’s a prime single building opportunity for a creative user who doesn't need to be smack dab in the CBD.
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