The San Francisco based developer represented by PeregrineProperties is also planning to develop a second, similarly-sizedbuilding on an adjacent parcel of land. The second project has notyet been approved. As some of the only substantial build-to-suitspace going up in the city right now, Peregrine and the privatelyheld 1828 Egbert Avenue LLC hope that their space will lease at apremium.


"Most people would tell you that our space [is] worth more thanconverted warehouse space, says Jensen. "We can provide themsomething built from the ground up to telecom standards."


In addition to the combined 412,000 sf that the two projectswill eventually encompass, a multi-level, above-ground parkingstructure is planned for tenants of the two buildings. The parkingstructure is slated to also include underground fuel storage topower generators for the two buildings.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.