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Transactions - JANUARY 14, 2020

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Tishman, Mitsui to develop 1.2m-sf office development in San Francisco

by Andrea Zander

A joint venture between Tishman Speyer and Mitsui Fudosan America, the U.S. subsidiary of Japan-based Mitsui Fudosan Co., is moving forward with 1.2 million square feet of class A office development in San Francisco’s South of Market district located at 598 Brannan St.

The plans for the 4.5-acre site include three new commercial buildings rising up to 185 feet in height, with a new 40,000-square-foot public park in the middle of the development and an adjacent 12,800-square-foot parcel. The three new buildings would produce a combined 923,000 square feet of new office space; 60,000 square feet of ground-floor retail and/or production, distribution and repair space; a 5,500-square-foot child care center; basement garages for 200 cars and 587 bikes; and terrace spaces for the office tenants.

Construction is to begin in May 2020, and the joint venture anticipates a fall 2022 completion.

 

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