Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO-The McGraw-Hill Companies has signed a long-term lease for 47,460 sf on the lower floors of 160 Spear St. Beginning in the fourth quarter, the publicly held publishing and information services conglomerate will occupy the fifth, sixth and seventh floors of the 18-year-old, 19-story class A high-rise in San Francisco’s CBD.

McGraw-Hill will fill the space with operations currently located at three other properties, creating its western regional headquarters in the building. McGraw-Hill was represented in its lease negotiations by Jim Boyle and Brian Beswick of Trammell Crow.

“The Spear Street corridor is a good, safe location with a lot of great amenities,” says Beswick, explaining in part why McGraw-Hill chose the location. As well, Beswick says the company was able to reduce its rental obligation while expanding its operations.

Beswick declined to provide the details of the lease, but local brokers tell GlobeSt.com that the full-service market rate for similar space is in the mid-$20s per sf per year and that market concessions have included either a lower face rate or several months of free rent in addition to an above-standard tenant improvement allowance. “We negotiated as many concessions as we could and believe we got them the best deal,” says Beswick.

To occupy the new space, McGraw-Hill will be vacating space at 88 Kearney St. and 199 Fremont in the South Financial District, and 55 Francisco in the North Waterfront District. The lease fills a majority of the vacanct space at 160 Spear St, which is owned by Hill Companies/ING. Zach Siegel and Susan Benton of Cushman & Wakefield have the leasing assignment for the building.

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?


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.