SAN FRANCSICO—Hudson Pacific Properties, Inc. has signed a new lease at its 901 Market Street property in San Francisco with NerdWallet, Inc., the fast-growing startup that helps consumers make smart financial decisions.
The new seven-year 45,739-square-foot lease encompasses the entire fifth and sixth floors of 901 Market, which are currently unoccupied. Commencement of the lease with NerdWallet is scheduled for the fourth quarter.
“It is my pleasure to welcome NerdWallet, Inc. to our 901 Market Street property,” said Victor Coleman, chairman and CEO of Hudson Pacific. “This lease represents a long-term commitment from a rapidly growing San Francisco-based technology company at starting rents above our underwritten rents for this same space. We are quite happy to have NerdWallet as a tenant and are pleased with the terms of this transaction.”
Offering approximately 212,319-square-foot, 901 Market is a historic landmark building consisting of approximately 126,022 square feet of office space and 86,297 square feet of ground floor and lower level retail space. Located adjacent to the Westfield San Francisco Shopping Centre and Union Square BART entrance, the property enjoys prominent visibility and access to Union Square’s retail visitors and offers convenient amenities that are important to attracting San Francisco’s burgeoning technology and social media-oriented tenants.
Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate company focused on owning, operating and acquiring high-quality office properties and state-of-the-art media and entertainment properties in select growth markets primarily in the Pacific Northwest and Northern and Southern California. NerdWallet.com is home to teams of financial “Nerds” who crunch numbers and gather the information needed to help consumers save time and money. The user-friendly site covers banking, credit cards, insurance, mortgages, shopping, travel and more.