A Fresh Take on CRE

SF Weekly Comp Digest: Microsoft Renews, Cooper Software Signs New Lease, and More!




Every Wednesday we compile a digest of some recent deals from the CompStak database.  This is for week of 7/24/13.  We hope you will find the information helpful.    




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Microsoft Continues to Call SoMa Home

The computer software giant decided to remain at its 19,000 SQFT 475 Brannan Street home after a previous 3-year lease.  The building, recently purchased by Clarion Partners from Prudential for $147 Million according to The Registry, includes tenants such as Steelcase, Dolby Laboratories Inc., and California Pacific Medical Center.  Starting rent for Microsoft took a leap from $32.00 PSF/YR in 2010 to $60.00 PSF/YR in 2013 for the 3-year lease. Please log in to your CompStak account before clicking on the link Get the Microsoft 2013 comp Get the Microsoft 2010 comp

   



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Equal Access International Signs New Lease in Civic Center

EAI, a nonprofit that creates communications strategies that address the most critical issues affecting people in the developing world, will be moving from its 271 Austin Street office to a 2,500 SQFT space at 1212 Market Street.  The organization will pay Yully Company $35.00 PSF/YR for 4 years with 2 months of free rent and TI's of $15.00 PSF. Please log in to your CompStak account before clicking on the link Get the Equal Access International comp

   



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Cooper Software Signs New Sublease at 85 2 Street

The firm that focuses on bringing transformative designs and ideas to the marketplace recently subleased just south of 15,000 SQFT from American National Red Cross.  According to our friends at 42Floors, the building was formerly owned by Pacific Bell, includes other major tenants, Red Cross and Sierra Club, and offers a server room on the 7th floor.  Cooper will pay $39.00 PSF/YR with $1.00 PYR escalations for 3 years and 9 months plus 4 months of free rent. Please log in to your CompStak account before clicking on the link Get the Cooper Software comp

   






Have These Comps? Win Double Points!

Help us make the CompStak database even better by sending us the most recent deals. If you have the comps for the transactions below, please feel free to email us and we will happily credit your account with double points!
  • 499 Illinois Street - Illumina - 97,000 SQFT
  • 1455 Market Street-  Uber Technologies - 88,134 SQFT
  • 1160 Battery Street - MindJet - 43,483 SQFT
  • 1200 Van Ness Avenue - Sutter Health - 39,756 SQFT
  • 140 New Montgomery - Lumosity - 35,803 SQFT
  • Hills Plaza 2 - Gensler and Associates - 57,267 SQFT
  • 500 3rd Street - Wired Magazine - 30,000 SQFT