A Fresh Take on CRE

SF Weekly Comp Digest: LinkedIn & FitBit Sign New Leases, and Minted Renews/Expands!

Every week, we compile a digest of some recent deals from the CompStak database. We hope you will find the information helpful.
   
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LinkedIn Signs New Lease in the North Financial District

The social networking site for professionals that we all know and love recently signed a new lease for nearly 40,000 SF of class B office space in the tower at 1 Montgomery Street.  LinkedIn agreed to pay rent starting in the mid-$50s with $1 PYR escalations for the 3-year, 8-month term.
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FitBit Signs for 55,000 SF at 405 Howard Street

The company known for its wireless-enabled, wearable devices that measure activity data just signed a new lease for class A office space in the Orrick Building in the South Financial District.  FitBit agreed to pay rent starting in the mid-$50s PSF for the 6-year lease, and will enjoy a half year of free rent.  Click the link below to learn more from our friends at 42 Floors!
 
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Minted Signs Renewal/Expansion Lease at 747 Front Street

Minted, a San Fran-based online retailer that crowdsources design from independent artists and sells the designs as high-end paper goods, recently renewed it's original 11,000 SQFT office lease, and also expanded an extra 7,500 SQFT.  The company agreed to pay rent starting in the high-$30s with escalations of $1 PYR for the 5-year, 6-month lease term.  Click the link below to learn more about the building from 42 Floors!