Oakland residents will have one less place to buy khakis and hoodies this summer, with a major retailer pulling up stakes in the Bay Area metropolis.
Gap will close its last retail store in Oakland, located at 3277 Lakeshore Drive, will close sometime this summer, after the store’s lease expires, the corporation confirmed toSFGate.
The closure will leave Oaklandwithout a Gap store, following the 2008 shuttering of a Gap on Broadway, that was ultimately turned into a Walgreens store.
The company also confirmed that it would provide opportunities for displaced employees to relocate to otherstores within the Bay Area.
The Gap currently operates numerous retail locations in San Francisco, Marin County, and the South Bay, plus a Gap Factory Outlet located in Livermore.
Dallas-based CBRE will represent the 10,318 square-foot property, which features 8,344 square feet on the main level and 1,974 square feet on the upper level.
The property is nestled within a retail environment that includes neighboring tenants such as Trader Joe’s, Chipotle, Philz Coffee, Wells Fargo and T-Mobile, to name a few.
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The listing mentions “boutique retail” as the top “ideal use” for the property, with other considerations including wellness/fitness, specialty food/beverage, financial services, fitness and service-based business.
The Gap on Lakeshore Drive opened in 2000, with Terri Ellis, the general manager of the Heath Company, calling the Gap store, “a staple on the Avenue.”
Source: California Post – Breaking California News, Photos & Videos
