X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.