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SAN FRANCISCO-Construction is nearing completion on the San Francisco Financial District’s latest Class A office tower. 55 Second Street is that the project is less than five months from completion and 93% leased.

The project is a joint venture between Cousins Properties, Inc. and Myers Development Company. The total cost of the project is estimated at $100 million.

The 450,000-sf office building will stand 26 stories high, with floor plates between 11,000 sf and 20,000 sf. On the ground level will be 8,500 sf of specialty retail.

The building is scheduled to open in January 2002, and is 93% preleased. Anchor tenants include Digital Island; Paul, Hastings, Janofsky & Walker, Preston, Gates, Ellis and the Fritz Companies. CB Richard Ellis is the office leasing agent, while Whitney Cressman Limited is handling the retail lease agreements.

The lease terms have not been disclosed, but rents in the Financial District are still the highest in the city, with Class A spaces renting for as much as $65 per sf, full service.

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