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Gensler Signs Long-Term Lease For 45,500 SF Office Space At The Mills Building In San Francisco

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LEASED

California

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Office45,500 SF
Leased 01/29/2024
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Property Image
LEASED

Gensler Signs Long-Term Lease For 45,500 SF Office Space At The Mills Building In San Francisco

220 Montgomery Street

See Similar Deals
Office45,500 SF
Leased 01/29/2024
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:45,500 SF
Transaction Type:Lease

The Swig Company, represented by Cory Kristoff, has leased a 45,500-square-foot office space located at 220 Montgomery Street in San Francisco to Gensler, represented by Hao Ko & Randy Howder. The lease agreement supports Gensler's 2030 carbon zero goal and future work strategy, and the space will undergo renovations to become a sustainable workplace with all-electric utilities, aiming to immediately reduce carbon emissions by over 20%.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 220 Montgomery Street
  • Market: San Francisco
  • Landlord: Cory Kristoff - The Swig Company
  • Tenant: Hao Ko & Randy Howder - Gensler

Gensler, a global architecture firm, has chosen to lease the office space from The Swig Company in order to support their carbon zero goal and future work strategy. The lease agreement will allow Gensler to create a sustainable workplace model by renovating the space with all-electric utilities, demonstrating their commitment to reducing carbon emissions and promoting environmentally friendly practices.

Details

LEASED
IMAGE: Cory Kristoff, Hao Ko & Randy Howder DATE: 01/29/2024 ADDRESS: 220 Montgomery Street MARKET: San Francisco ASSET TYPE: Office ~ SF: 45,500 LANDLORD: Cory Kristoff (@CoryjKristoff) - The Swig Company TENANT: Hao Ko & Randy Howder (@RHowder) - Gensler (@Gensler_Design) NOTE: Gensler, a global architecture firm, has signed a long-term lease at The Mills Building in San Francisco with The Swig Company to support its 2030 carbon zero goal and future work strategy. The 45,500-square-foot space will undergo renovations for all-electric utilities, aiming to immediately reduce carbon emissions by over 20% and serve as a model for sustainable workplaces.

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Deal Type
Effective Rent (Annual)

$2,608,032.54

Total Lease Value

$26,080,325.43

Net Landlord Cash Flow$2,608,032.54