X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO-The National Association of Securities Dealers has leased 19,640 sf at One Montgomery Tower. The financial regulatory services provider signed a 10-year lease for the entire 21st floor of the 38-story class A building in the North Financial District.

The NASD is currently located in a smaller space at 525 Market St. The company will relocate to its new digs in the middle of One Montgomery during the fourth quarter, after tenant improvements are completed.

Studley’s Jacque Ducharme and Matt Hart represented the NASD. Chris Roeder and Peter Victor of Cushman & Wakefield represented the building owner, Post Montgomery Assoc.

Roeder tells GlobeSt.com that other than one 6,000-sf space One Montgomery is fully leased until 2008, putting it well ahead of the pack. Average class A vacancy in the CBD is currently running just over 11%.

Roeder declined to discuss the negotiated lease rate. The asking rate for the space was in the low $40s, including an undisclosed tenant improvement allowance. “With other securities firms in it, our building is pretty well suited for them,” says Roeder.

One Montgomery Tower is the headquarters location for securities broker Charles Schwab, which occupies over half of the building, and investment bank Thomas Weisel Partners. Other tenants include Wells Fargo, UBS and First Albany Corp. The space the NASD will occupy was space previously leased by Charles Schwab.

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
Live Chat

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