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Rakuten International Relocates San Francisco Offices To 300 Mission St. With Sublease From Glassdoor

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LEASED

California

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Office29,000 SF
Leased 01/07/2024
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LEASED

Rakuten International Relocates San Francisco Offices To 300 Mission St. With Sublease From Glassdoor

300 Mission Street

See Similar Deals
Office29,000 SF
Leased 01/07/2024
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:29,000 SF
Transaction Type:Lease

Rakuten International has relocated its San Francisco offices to 300 Mission St., subleasing 29,000 sq ft on the 18th floor from Glassdoor. The move offers Rakuten flexibility with a sublease term until 2025 and the option to extend through November 2030, aligning with its hybrid work model of three days in the office per week.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 300 Mission Street
  • Market: San Francisco
  • Asset Type: Office
  • Square Footage: 29,000 SF

Brittan Hawken from JLL represented Rakuten International as their broker in this transaction, while Christian Sutherland-Wong, the CEO of Glassdoor, represented the landlord. Amit Patel and Shawn Roberts from Rakuten International were the tenants involved in the deal.

Players

Brittan Hawken
3 deals(415) 228-3078
BROKER

Details

LEASED
IMAGE: Brittan Hawken, Christian Sutherland-Wong, Amit Patel & Shawn Roberts DATE: 01/07/2024 ADDRESS: 300 Mission Street MARKET: San Francisco ASSET TYPE: Office ~ SF: 29,000 LANDLORD: Christian Sutherland-Wong - Glassdoor (@Glassdoor) TENANT: Amit Patel & Shawn Roberts - Rakuten International (@RakutenGroup) BROKERS: Brittan Hawken (@Sf_officespaces) (@GreatBritttan) - JLL (@JLL) NOTE: Rakuten International has relocated its San Francisco offices to 300 Mission St., subleasing 29,000 sq ft on the 18th floor from Glassdoor. The move offers Rakuten flexibility with a sublease term until 2025 and the option to extend through November 2030, aligning with its hybrid work model of three days in the office per week.

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Deal Type
Effective Rent (Annual)

$1,662,262.50

Total Lease Value

$16,622,625.00

Net Landlord Cash Flow$1,662,262.50