The Peninsula Industrial Pros

Your Commercial Real Estate Source in the San Francisco Bay Area

Citigroup Does a 10-year Lease Deal on San Francisco Office Building

Citigroup decided to stay put on a building that once beared their name.  1 Sansome Street, formerly the “Citigroup Center”, is now housing another company that’s soon to move in.

Comparable details:

Address:  1 Sansome Street, San Francisco

Landlord:   Barker Pacific Group and Prudential Real Estate Investors

Tenant:  Citigroup

SF Leased:  139,204

Pricing:  unknown

Type:  Office

Term:  120 months

It’s been reported that they are going to be moving out of two floors, making way for another tenant.  This 41 story building has a total RSF of 616,900 and was recently awarded the Gold level LEED certification.  With heavy demand for downtown office and upward pressure from new tech companies, this was probably a no-brainer for Citigroup and the landlord.

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This entry was posted on November 30, 2011 by in In the News, Office, Recent Leases, San Francisco County and tagged , , .
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