City Takes 104,000 SF at 1155 Market St.

SAN FRANCISCO-The San Francisco Board of Supervisors approved the nearly 104,000-square-foot, 10-year lease in a vote earlier in the month.

By Natalie Dolce | Updated on November 20, 2012

SAN FRANCISCO-Laurus Corp., a US-based private real estate investment and development firm, has leased approximately 75% of the building located at 1155 Market St. to the City and County of San Francisco. The San Francisco Board of Supervisors approved the nearly 104,000-square-foot, 10-year lease in a vote earlier in the month.

Agencies including the treasurer/tax collector, assessor-recorder, public works and others, will occupy all but three floors of the building with expansion options and right of first offer for the 10^th and 11^th floors. Laurus Corp. is investing roughly $14 million towards LEED Gold certification, ASHRAE Compliance, as well as a complete overhaul of the building’s physical aspects, according to a prepared statement.

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