KBS Inks 33 KSF at San Francisco Office
- Jul 06, 2017
KBS Strategic Opportunity REIT completed the signing of 32,359 square feet in leasing deals at 353 Sacramento in San Francisco. Landmark Education renewed its lease for 13,760 square feet and Pentaho expanded their current lease to 18,599 square feet.
Located in the San Francisco financial district, the Class A, 23-story tower offers a total of 284,751 square feet of space. With a vacancy rate of 26.6 percent, the building currently has 12 spaces totaling 127,036 square feet ready for lease, according to Yardi Matrix. The asset also features 8,300 square feet of first floor retail space. Other tenants include HarperCollins Publishers, Bay Area Council, Vanto Group and Ameriprise Financial.
Tenants have access to amenities such as 24-hour security, a full-service banking branch, a conference center and a cafe.
The transit-oriented development is within a quarter mile of 11 stations, including the Metro Embarcadero station. 353 Sacramento also offers tenants access to rail-car lines, bus routes and the cross-bay ferry service. The property is conveniently located close to Highway 101, the Golden Gate Bridge and Marin County.
“We are very proud of our team and their efforts at 353 Sacramento as they continue to create relationships with prestige tenants,” said Michael Potter, vice president at KBS, in prepared remarks. “353 Sacramento’s superior location and amenities offer a 24/7 work-life environment that continues to attract such tenants.”
Robert Larschied of The Axiant Group represented Landmark Education and David Mitchell of DM Vantage Inc. represented Pentaho. Steve Anderson and Matt Griffin of JLL represented KBS Strategic Opportunity REIT in the transactions.
Image courtesy of Yardi Matrix