Cassidy Turley Property Management Selected by Clarion Partners for ±360,000 SF Trophy Assignment at 600 California Street in San Francisco

San Francisco, CA – Cassidy Turley, a leading commercial real estate services provider in the U.S., today announced the firm’s Property Management has been selected by landlord Clarion Partners to provide management services for its premier San Francisco tower at 600 California Street. Built in 1990, the 20-story Class A high-rise totals ±358,590 square feet of high-quality office space that is well located in the City’s desirable Financial District. Cassidy Turley’s Jim Arce, the firm’s newly appointed Managing Director of the West Region, will head the management team.

Mr. Arce will be assisted on the assignment by Paige Salazar, RPA who recently joined Cassidy Turley as a Senior Property Manager. Ms. Salazar had previously worked at Terwilliger Management, which had managed 600 California Street before Cassidy Turley was selected by Clarion Partners—which acquired the building last summer—to manage the property.

Mr. Arce stated, “We deeply value our relationship with Clarion and are delighted to have been selected as part of their team in providing management services for 600 California Street. This is a great high-profile, Class A asset well located in the heart of the City’s business district and is a property which we are thrilled to have added under our management portfolio. This new assignment is exemplary of the exponential growth and capability of our Property Management here in Northern California, which now services in the neighborhood of 14.1 million square feet in more than 165 properties across the region, which ranks us as the 5th largest firm in the Bay Area in regards to square footage under management, according to the San Francisco Business Times.”

Mr. Arce added, “Having Paige come on board is a tremendous addition to our Property Management team and our firm overall. With over 23 years of commercial real estate management experience and her deep knowledge in having managed operations for both office (and retail properties) in the San Francisco market, coupled by her direct, intimate knowledge of 600 California Street, Paige certainly gives us an excellent foundation in managing this property.”

600 California Street is positioned at the intersection of California and Kearny Streets, set across the street from 555 California Street— formerly Bank of America Tower and within a few blocks of the iconic Transamerica (Aegon) Pyramid. 600 California Street features a modern architectural design that includes granite and tinted glass exterior façade, while the building’s gradual setback design allows for an abundance of natural light and provides for picturesque views overlooking Chinatown, the San Francisco Bay, the Golden Gate Bridge, and Marin County from the upper floors, as well as Nob Hill on the lower floors. Other key attributes include a dramatic 2 1/2-story lobby, large 20,000-square-foot floor plates on the lower part of the building, state-of-the-art building systems, an efficient core, and three levels of subterranean parking.

600 California Street is approximately 87% leased to a high-profile tenant roster that includes some of the City’s premier financial service companies such as Federal Home Bank, Wells Fargo and Merrill Lynch. The property has averaged over 95% occupancy over the past 15 years.

Contact:
Jim Arce, (415) 633.4343, jim.arce@cassidyturley.com

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2012, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.

Cassidy Turley provides regional real estate services in Northern California. With 15 Northern California offices and a 400-member team, Cassidy Turley’s market leadership is demonstrated by completion of over 3,600 transactions, totaling $4.9 billion in 2012.

West Coast Commercial Real Estate News