Eastmont Town Center, an East Oakland office complex that once was a major retail hub, has been bought by a veteran Bay Area developer.
OAKLAND — Eastmont Town Center, an office complex that once was a major retail mall in East Oakland, has been bought by a veteran Bay Area real estate developer that is active in the East Bay’s largest city.
The overall deal was valued at $76.2 million, according to Oakland city tax statements that were included in the county deed. The total purchase value included the amount of an existing Wells Fargo mortgage on the property. “We did a lot of renovations while we owned it,” said Hamid Rezapour, founder and principal executive with Vertical Ventures.
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