SAN FRANCISCO (March 8, 2017) Global law firm Reed Smith LLP recently represented Blue Shield of California in the negotiations and closing of a new multi-million-dollar headquarters office lease. Blue Shield will be moving from its current location at 50 Beale Street in San Francisco to occupy approximately 200,000 square feet of space in the new, soon- to-be constructed office building located at 601 12th Street in Oakland, CA. Developer Shorenstein will deliver the high rise tower to Blue Shield for fit out in January 2019 and Blue Shield will begin occupancy later that year.
“Given that Blue Shield has been headquartered in San Francisco for more than 78 years, this is an exceptionally important transaction for them and for the City of Oakland,” said lead Reed Smith partner Simon Adams. “As one of the largest Oakland office deals in a decade, this commitment and transaction will allow the new tower to be funded and constructed. We also want to thank all those individuals that worked so hard to bring this to fruition, including Blue Shield’s broker Tom Maloney at Jones Lang LaSalle.”
The Reed Smith team included lead partner Simon T. Adams, partner Cristina Shea, and associates Rana Ansari and Thuy Nguyen.
Read the Blue Shield of California press release.
About Reed Smith
Reed Smith is a global relationship law firm with more than 1,700 lawyers in 26 offices throughout the United States, Europe, Asia and the Middle East. Founded in 1877, the firm represents leading international businesses, from Fortune 100 corporations to mid-market and emerging enterprises. Its lawyers provide litigation and other dispute-resolution services in multi-jurisdictional and other high-stakes matters; deliver regulatory counsel; and execute the full range of strategic domestic and cross-border transactions. Reed Smith is a preeminent advisor to industries including financial services, life sciences, health care, advertising, entertainment and media, shipping and transport, energy and natural resources, real estate, manufacturing and technology, and education. For more information, visit reedsmith.com.
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