Complex of 1.2 million square feet, ample lifestyle services and experiences; Construction Expected to Begin in Late Summer 2020
San Francisco, CA, January 13, 2020 – Tishman Speyer, one of the world’s leading developers, owners, operators and asset managers of first-class real estate, said today that it has formed a joint venture with Mitsui Fudosan America to develop Brannan Square (www.brannansquare.com) – a complex of three office buildings totaling approximately 1.2 million square feet. Construction of the first two buildings will commence by late summer in 2020, with delivery to tenants in fall 2022.
The design architect for the project, which is located at 598 Brannan Street, is Michael Maltzan Architecture, based in Los Angeles. The firm, which has been responsible for notable projects such as Tishman Speyer’s The Brickyard at Playa Vista, and the landmark One Santa Fe in Los Angeles, has been recognized with five Progressive Architecture awards, 42 citations from the American Institute of Architects, and the Rudy Bruner Foundation’s Gold Medal for Urban Excellence.
Brannan Square’s buildings will feature floor plates averaging over 30,000 square feet with 14-14’9” foot office floor-to-floor heights and broad windows. The building has been designed to accommodate new and rapidly expanding space users, primarily in the technology-oriented industry sectors already located throughout the SOMA neighborhood. Major brand names nearby include Airbnb, Pinterest, and Zynga.
Tenants at Brannan Square will benefit from numerous transportation options, including the new MUNI Central Subway line at 4th & Brannan opening this year, the Caltrain station at 4th & King, nearby BART and downtown MUNI lines, and convenient access to Highways 101, I-80 and I-280. They will also enjoy access to ZO, Tishman Speyer’s offering of lifestyle services and experiences that is proving to be popular at properties throughout the firm’s global portfolio; to a dynamic collection of onsite retail, food and beverage options; and to sweeping terraces and a new park outside their doorstep.
Senior Managing Director Carl Shannon commented, “In San Francisco, the demand is more powerful than ever for modern, efficient office space with design elements that can help an employer attract and retain the best and brightest employees. We are very excited to be in a position to continue delivering such office product in great locations. In addition, we are looking forward to partnering on this specific project with Mitsui Fudosan America, which has an outstanding reputation in the global market.”
Added Robert Davidson, Vice President, Development & Asset Management at Mitsui Fudosan America, “Brannan Square is an important office complex that will greatly enhance the SOMA neighborhood and its appeal to the tech sector. We’re thrilled to partner with Tishman Speyer and look forward to seeing this development brought to market.”
Tishman Speyer has been investing and developing in San Francisco for over twenty years, with past and current signature office projects including 222 Second Street, Foundry Square III and 555 Mission Street. Residential trophies have included The Infinity, Lumina and MIRA. In addition, the firm has undertaken the planned Mission Rock mixed-use project in partnership with the San Francisco Giants.
Allen Palmer and Patrick Devinger of Tishman Speyer are the project’s leasing representatives.
About Tishman Speyer (tishmanspeyer.com)
Tishman Speyer is a leading owner, developer, operator and fund manager of first-class real estate around the world. Founded in 1978, Tishman Speyer is active across the United States, Europe, Latin America and Asia, building and managing premier office, residential and retail space in 29 key global markets for industry-leading tenants. The firm has acquired, developed and operated a portfolio of over 175 million square feet with a total value of approximately US $94 billion spread over 411 assets. Signature assets include New York City’s Rockefeller Center, São Paulo’s Torre Norte, The Springs in Shanghai, Lumière in Paris and OpernTurm in Frankfurt. Tishman Speyer currently has projects at different stages of development in Boston, Beijing, Frankfurt, Los Angeles, Madrid, New York City, Rio de Janeiro, San Francisco, São Paulo, Shanghai, Shenzhen and Washington, DC. The firm also operates portfolios of prominent office properties in Berlin, Paris, Chicago and London. For more information, visit tishmanspeyer.com and find us on social @tishmanspeyer.
About Mitsui Fudosan America (mfamerica.com)
Mitsui Fudosan America, Inc. (MFA) is the U.S. subsidiary of Japan’s largest real estate company, Mitsui Fudosan Co., Ltd., a publicly-traded company with approximately $65 billion of assets. MFA is responsible for Mitsui Fudosan’s real estate investment and development activities in North America, and is headquartered in New York, with branch offices in Washington D.C., San Francisco, Los Angeles, and Honolulu. MFA has been active in the United States since the 1970s, and currently owns assets in the New York, Washington D.C., Boston, Denver, Seattle, San Francisco, Los Angeles, and Honolulu metropolitan areas. MFA’s U.S. portfolio includes 5.6 million square feet of office space, 4.7 million square feet of office space under development, 1,300 residential apartments, 5,000 additional rental units under development, 360 condominiums and townhomes under development, and 737 hotel rooms.