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Capgemini America Leases 30,000 SF Office Space In San Francisco's Mission Rock

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LEASED

California

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Office30,000 SF
Leased 09/29/2023
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LEASED

Capgemini America Leases 30,000 SF Office Space In San Francisco's Mission Rock

1011 3rd Street

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Office30,000 SF
Leased 09/29/2023
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:30,000 SF
Transaction Type:Lease

The tech firm, Capgemini America, is relocating its San Francisco offices from SoMa to Mission Rock. In a lease transaction, they have secured 30,000 square feet of office space in The Canyon. This move is aimed at consolidating their workforce and responding to the remote work trend. The building is located at 1011 3rd Street in the San Francisco market.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Address: 1011 3rd Street
  • Market: San Francisco
  • Asset Type: Office
  • SF: 30,000

Tishman Speyer's representative, Rob Speyer, acted as the landlord in this lease transaction. Capgemini America was represented by Jim Bailey in the deal. The lease agreement is for a term of 10 years.

Details

LEASED
IMAGE: Jim Bailey & Rob Speyer DATE: 09/29/2023 ADDRESS: 1011 3rd Street MARKET: San Francisco ASSET TYPE: Office ~ SF: 30,000 LANDLORD: Tishman Speyer (@TishmanSpeyer) - Rob Speyer TENANT: Capgemini America (@Capgemini) - Jim Bailey LEASE TERMS: 10 year NOTE: Capgemini America, a tech firm, is moving its San Francisco offices from SoMa to Mission Rock, leasing 30,000 square feet in The Canyon. The move aims to consolidate its workforce and comes as office vacancies in San Francisco reach a record 33.9 percent due to remote work.

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Deal Type
Effective Rent (Annual)

$1,719,581.90

Total Lease Value

$17,195,818.97

Net Landlord Cash Flow$1,719,581.90