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Capital One Financial Corp. Leases Office Space At 100 California Street, San Francisco

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LEASED

California

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Office40,000 SF
Leased 06/04/2024
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LEASED

Capital One Financial Corp. Leases Office Space At 100 California Street, San Francisco

100 California Street

See Similar Deals
Office40,000 SF
Leased 06/04/2024
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:40,000 SF
Transaction Type:Lease

Located at 100 California Street in San Francisco, the office asset spans 40,000 square feet and serves as the new location for Capital One Financial Corp. The move signifies Capital One's strategic decision to downsize its San Francisco offices by two-thirds, transitioning to a more compact workspace.

Summary of transaction details:

Carlye Parker, Matt Shewey, and Ted Davies from JLL facilitated the leasing transaction, ensuring a smooth transition for Capital One Financial Corp. to its new office space at 100 California Street. The move involved subleasing one floor from Stem and directly leasing another floor from Pembroke, showcasing the collaborative efforts of the involved parties.

Players

Ted Davies
2 deals(415) 395-4972
BROKER


Details

LEASED
IMAGE: 06/04/2024 ADDRESS: 100 California Street MARKET: San Francisco ASSET TYPE: Office ~ SF: 40,000 LANDLORD: Pembroke TENANT: Capital One Financial Corp. BROKERS: Carlye Parker, Matt Shewey & Ted Davies - JLL NOTE: Capital One Financial Corp. is relocating its San Francisco offices to 100 California St., reducing its local footprint by two-thirds to 40,000 square feet. The move, part of Capital One's ongoing effort to downsize its commercial real estate portfolio, involves subleasing one floor from Stem and leasing another directly from landlord Pembroke.

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Deal Type
Effective Rent (Annual)

$2,292,775.86

Total Lease Value

$22,927,758.62

Net Landlord Cash Flow$2,292,775.86