Updated Sep 14, 2026
Elecor Properties Signs Four Office Leases Totaling 149,914 Square Feet In San Francisco
1 Market Street
Building Size
149,914 SF
Asset Type
Office
Closing
Jun 30, 2026
About this deal
AI
The property asset involved in the context is an office space located at 1 Market Street in San Francisco, CA. The total office square footage is 149,914, and it is part of the two-building One Market Plaza complex owned by Elecor Properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Specified
- Address: 1 Market Street, San Francisco, CA
- Landlord: Elecor Properties
- Tenants: Davis Polk & Wardwell LLP, Willkie Farr & Gallagher LLP, an unnamed global law firm, and an AI company
- Brokers: Chris Roeder, Ted Davies, Tom Doupe, Wes Powell, and Teva Myatt - JLL
The transactions involve four office leases that have been signed at One Market Plaza, showcasing the diverse tenant base, including established law firms and a technology-focused AI company. The leasing arrangements were facilitated by Chris Roeder, Ted Davies, Tom Doupe, Wes Powell, and Teva Myatt, who represented Elecor Properties throughout the negotiations.
Players
Market Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93