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.
The Peninsula Industrial Pros 