by Mike Kirner
519 Uptown is Here
Embarcadero Capital Partners has retained Cushman & Wakefield for the leasing assignment of 519 Uptown, a boutique, seven-story historic office project located at 519 17th Street in Oakland, CA. Cushman & Wakefield’s Executive Director John Dolby, Managing Director Dane Hooks, and Associate Charlie Sweeney will lead the assignment.
Former Dufwin Theater
Constructed in 1928 as a playhouse called the Dufwin Theater – and later operated as the Roxie movie house – 519 Uptown was converted to an office building in the 1980s. The building features a classic Art Deco-style façade and has flexible floor plates that can accommodate a variety of efficient layouts for both large and small tenants.
Embarcadero Capital Partners acquired the property for its fifth value-add real estate fund and has started executing plans to transform the building into a creative workplace environment. Renovation plans underway include creating a contemporary building facade, lobby, and light-filled open-floor layouts. The upper floors will feature panoramic views of Oakland and the surrounding hills.
519 Uptown is Embarcadero Capital Partners’ first Oakland office purchase.
Andrew Brown, Embarcadero Capital Partners’ Director of Leasing says, “We see a tremendous opportunity to revitalize this asset. It has an incredible Uptown location and is the ideal workplace for tenants that want proximity to public transit and Oakland’s flourishing Uptown and City Center districts. 519 Uptown offers easy access to the Bay Area Rapid Transit system and many of Oakland’s top restaurants and cultural amenities including the Fox Theatre.”
Managing Director Dane Hooks added, “Embarcadero Capital Partners has the vision and experience to reposition this unique historical asset and add new “creative” office inventory, which continues to be Oakland’s most sought after type of office space.”
About Embarcadero Capital Partners
Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.