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11/06/15
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KBS Real Estate Investment Trust III has completed a number of renovations at 201 Spear Street, a 252.6k sf, Class A office building in San Francisco. The property is located a block in from the waterfront, just a couple of blocks from the base of the Bay Bridge.
The renovations entail the addition of several new amenities, including the 201 lounge, bike lockers, showers and a conference center. The 201 lounge is a tenant-exclusive communal area featuring soft seating, tables and chairs set to accommodate 12 people, a wired table that accommodates eight, a 70-inch Mondopad featuring the latest technology and video conferencing capabilities, complimentary wireless internet, and a hydration station with complimentary iced tea and lemonade.
The bike lockers area offers secured bike storage space for up to 20 bikes and a separate locker area and bike repair station. The shower and locker room area has two unisex showers and separate men’s and women’s changing areas to service cyclists and runners. The property also houses a Starbucks, with other retail tenants expected before long.
The upgraded lobby features a two-tone stone floor, walls with white back-painted glass and elevators trimmed in stainless steel panels. Several floors within the 18-story property were completely renovated with new elevator lobbies, corridors, upgraded signage and restrooms. Additional floor renovations are expected later this year.
The 201 Spear Street building is situated in San Francisco’s South Financial District. The property benefits from its desirable location, which includes proximity to transportation hubs and a number of new high-rise residential towers. KBS REIT III acquired 201 Spear Street in December 2013.
KBS-affiliated companies own other Northern California assets such as the 309.3k sf Ten Almaden, the 610.1k sf Corporate Technology Centre, the 142.7k sf 350 Plumeria Drive, and the 85k sf 3200 North First Street, all in San Jose, as well as the 815k sf Towers at Emeryville.
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