HQ Global will continue to utilize the space for executivesuites. A source at Westcore tells GlobeSt.com the seven-yearcommitment is valued at nearly $8.6 million, which averagesapproximately $44 per sf per year.
HQ Global has 31 locations in the greater Bay Area and 43statewide. Its second largest market is New York, where it has 32locations. Worldwide, it has 950 locations.
Westcore acquired 795 Folsom and a 267,446-sf building at 760Market St. from Mack-Cali in December 2006 for $126 million. Atthat time, 760 Market was 78% leased and 795 Folsom was 96% leased.The sale completed Mack-Cali's exit from its Western markets as itfocuses on its core Northeast region.
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