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SAN FRANCISCO-A Chicago-based international law firm, Altheimer & Gray, has signed a sublease agreement with JP Morgan Chase & Co. for the entire 12th floor of One Bush St. in downtown San Francisco.

The company has agreed to sublease the 16,560-sf office space for one year. One Bush St. is an 18-story, 300,000-sf office building that was built in 1958 and later renovated in 1988. The property has been recognized by the Green Building Council as a leader in energy and environmental design for commercial interiors. Its environmentally friendly features include its location near public transportation, use of sustainable materials and following state guidelines for energy efficiency.

Phillip Tippett with CB Richard Ellis in San Francisco represented the underwriter, while Tom Poggi and Angus Scott with The CAC Group in San Francisco represented the sublessor, JP Morgan Chase.

Right around the corner, Japan External Trade Organization signed a five-year, 7,695-sf lease for the 13th floor of 235 Pine Street, a 150,000-sf building. Stella Wong Florez of Starboard Commercial/TCN represented the Japanese government agency. The property is owned by SPP Investment Management and managed by Patson Management Company.

The asking prices for both downtown buildings are in the mid- to high-30′s, per sf, full service.

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