555 Montgomery Street Property Management Contract Awarded to Kennedy Wilson
- Aug 20, 2014
By Alex Girda, Associate Editor
Kennedy Wilson (KW) is the new property manager of a San Francisco office high-rise after the company was awarded the contract for 555 Montgomery Street. KW will now handle property management duties at the property on behalf of owner East West Bank, a Pasadena-based financial entity.
The 18-story office building was originally developed in 1984 and features floor-to-ceiling windows that offer great views of the area. The property has a total of 261,839 square feet of space that are divided into a number of individual offices, according to real estate data website PropertyShark.com. These offices range in size between 1,200 square feet and 14,000 square feet, being able to cater to variety of needs. 555 Montgomery Street’s current tenant roster includes well-known financial services firms, legal services and market research firms such as The Guardian Life Insurance Co., The New York Times, US Capital Partners LLC, DHC USA, Inc. and Taipei Economic & Cultural Office. The building’s owner, East West Bank, also maintains a presence at the property. Currently valued at around $53 million, the property is located on a 0.37 acre site and features 24-hour security service.
555 Montgomery Street is located in the city’s booming financial district, and is a coveted office asset. Senior Managing Director Donna Clark says that “due to the location of 555 – near major business districts as well as the wharf among other local attractions – there is no doubt that this will be the building of choice for major companies seeking to expand business practices in a prime environment.”