The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 26, 2019
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
WeWork Takes Five Floors in 110-Year-Old San Francisco Building

3/27/19

WeWork has agreed to a 10-year, $10 mil lease for five full floors totaling 12k sf ($6.94/sf/mo) of space at the historic Whitell Building in San Francisco. The 50k sf office tower is located at 166 Geary St, overlooking Union Square in the cityís downtown.

The property is owned by Concord Capital Partners, who acquired the 110-year-old building in November 2015 for $60 mil. Following a major renovation and repositioning to attract entrepreneurial tenants looking for a Union Square location, the Los Angeles-based real estate investment firm has increased occupancy to more than 95%.

Completed in 1907, the 16-story steel framed building was one of the few structures to withstand the 1906 earthquake. The building still stands as one of the tallest on Union Square and is situated directly across from the entrance to Neiman Marcus at one of the busiest pedestrian intersections in San Francisco.

For WeWork, the collaborative co-working space provider, this deal marks the firmís fifth San Francisco location and first in the Union Square area. The company was repped in the deal by Ray Fallack of Seven Equity Group. Concord's in-house exec Yoav Sarraf represented the landlord side of the lease transaction.





Return to the Archive page


 


 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media