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6/03/14
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UBER Technologies Inc has expanded its lease by an additional 130.4k sf at 1455 Market Street in San Francisco, bringing the firm’s total occupancy at the building to 218.6k sf of space. In July 2013, UBER signed a lease encompassing 88.1k sf of initial occupancy at 1455 Market.
Occupancy under the expansion is expected to occur in stages, with 24.3k sf of currently vacant space scheduled for commencement in October 2014, and 14.4k sf of currently vacant space scheduled for commencement in November 2014. The remaining 91.8k sf backfills a corresponding amount of space currently occupied by the project’s largest tenant that was scheduled to expire in December 2015; this space is scheduled to be occupied in April 2015. With the execution of this expansion and earlier announced lease with Rocket Fuel Inc, the office component of 1455 Market is effectively fully leased.
1455 Market Street is owned by NYSE-traded Hudson Pacific Properties Inc. The 1 msf, 22-story, Class A office building is situated on three acres in the city’s dynamic Mid-Market submarket.
UBER provides a cutting-edge technology platform designed to connect drivers and riders in order to help facilitate convenient, seamless transportation options. Founded in 2009, the company has already launched its platform in over 70 cities worldwide.
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