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Hines And GIC Real Estate Lease 112000 SF Office To Morrison & Foerster At 101 California St

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LEASED
Laura Hines-Pierce
Jeffrey Hines

California

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Office112,000 SF
Leased 05/16/2025
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LEASED

Hines And GIC Real Estate Lease 112000 SF Office To Morrison & Foerster At 101 California St

101 California Street

See Similar Deals
Office112,000 SF
Leased 05/16/2025
Laura Hines-Pierce
Jeffrey Hines
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:112,000 SF
Transaction Type:Lease

101 California Street is situated in San Francisco and features an office asset encompassing 112,000 square feet. Morrison & Foerster LLP has secured a lease for the space, relocating its headquarters from 425 Market St. to this new address. The transaction represents a downsizing from Morrison & Foerster's previous 220,000 square foot footprint.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 101 California Street
  • Market: San Francisco
  • Square Footage: 112,000
  • Landlord: Jeffrey Hines & Laura Hines-Pierce - Hines; Chow Kiat Lim - GIC Real Estate
  • Tenant: Eric T. McCrath - Morrison & Foerster LLP

The relocation marks a significant transition for Morrison & Foerster, impacting 425 Market St., where they were the largest tenant. This change is considered favorable for the landlords Hines and GIC Real Estate, while it presents a challenge for the ownership group of 425 Market, which includes MetLife and Norges Bank.

Details

LEASED
IMAGE: Jeffrey Hines, Laura Hines-Pierce, Chow Kiat Lim & Eric T. McCrath DATE: 05/16/2025 ADDRESS: 101 California Street MARKET: San Francisco ASSET TYPE: Office ~ SF: 112,000 LANDLORD: Jeffrey Hines & Laura Hines-Pierce (@TXHines57) - Hines (@Hines); Chow Kiat Lim - GIC Real Estate TENANT: Eric T. McCrath - Morrison & Foerster LLP NOTE: Morrison & Foerster will relocate its San Francisco HQ from 425 Market St. to a 112,000 SF lease at 101 California St., downsizing from its current 220,000 SF footprint. The move is a win for landlord Hines and a hit to 425 Market’s owners, MetLife and Norges Bank, as MoFo had been the building’s largest tenant.

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Deal Type
Effective Rent (Annual)

$6,419,772.41

Total Lease Value

$64,197,724.14

Net Landlord Cash Flow$6,419,772.41