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1070 Maryland Street

General Catalyst Leases 70000 Square Feet Office At Pier 70 San Francisco From Brookfield Properties
LEASEDOffice

General Catalyst Leases 70000 Square Feet Office At Pier 70 San Francisco From Brookfield Properties

1070 Maryland Street

Building Size

70,000 SF

Asset Type

Office

Closing

Jan 26, 2026

AI

The property asset involved in this transaction is a 70,000-square-foot office space located at 1070 Maryland Street in the San Francisco market. This asset is part of a $3.5 billion waterfront redevelopment project that aims to revitalize the area.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1070 Maryland Street
  • Market: San Francisco
  • Landlord: Brian Kingston - Brookfield Properties
  • Tenant: Hemant Taneja - General Catalyst

Hemant Taneja of General Catalyst signed the lease for the office space, creating significant momentum for Brookfield Properties after facing challenges in the West Coast development environment. This lease reflects a recommitment to large-scale waterfront office spaces by tenants.

Players

Brian Kingston

Brookfield Properties

Landlord

$7.7B

vol

44 deals

Landlord
Brookfield Properties
Brookfield PropertiesLandlord

San Francisco 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