Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO-Risk management solutions provider Rapt Inc. inked a sublease agreement for 18,000 sf here at 625 Second St. The transaction has a total value of more than $2.3 million; the term is 40 months.

The company will occupy part of the second floor of the 135,000 sf building. The monthly rent pencils out to be about $3.20 sf. LookSmart signed a 10-year lease on the building in 1999. LookSmart retained about 105,000 sf and leased another 12,000 sf to CG Time a few months ago.

Rapt, Inc. will move into the space in early July provided tenant improvements are complete. The sublease represents an expansion for the company, which has headquarters at nearby 640 Howard St. The building landlord, Rosenberg SOMA Investments III LLC was not involved in the transaction. Marty Melbardis and Michael McCarthy of Colliers International completed the sublease between LookSmart and Rapt.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.