X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO-McCarthy Building Cos. Inc. will relocate and expand its local office leasehold this fall. The St. Louis-based general contractor has taken down approximately 14,000 sf at 343 Sansome St., a 17-story Downtown high rise. McCarthy signed a seven-year lease with building owner Interland LLC and will move this November from 400 Montgomery. The company’s broker in the deal was Barry Bram of Tri-Commercial. Bill Cumbelich of CAC Commercial represented Interland. McCarthy’s Northern Pacific Division president Rich Henry says the company’s move is reflective of its growth in the Bay Area construction market in key industry sectors, including healthcare, education, laboratory, parking, and mixed-use projects. The company is currently involved in several projects, including Kaiser Permanente Replacement Hospital in Oakland; Santa Clara Valley Medical Specialty Center; College of San Mateo Science Building; UC San Francisco Medical Center; San Francisco Community College Mission Campus; and UC Berkeley’s Stanley Biosciences and Bioengineering Facility.The parties involved did not comment on the negotiated lease rate and it was not otherwise immediately available. A 9,000-sf space on the 10th floor is being advertised at $32 per sf per year.

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?

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