Albert Behler Of Paramount Group Leases 60000 SF Office To Fidji Simo Of Instacart In San Francisco

The property asset involved in the transaction is a 60,000 square foot office space located at 300 Mission Street in San Francisco. The landlord is Paramount Group, represented by Albert Behler, while the tenant, Instacart, is represented by Fidji Simo. The lease agreement features a nine-year term, showcasing a rightsizing move for Instacart from their previous lease of 107,000 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 300 Mission Street, San Francisco
• Lease Term: Nine years
• Landlord: Albert Behler - Paramount Group
• Tenant: Fidji Simo - Instacart
• Size: 60,000 square feet

This deal emphasizes a trend among tech firms that are downsizing yet committing to remaining in the San Francisco market, as evidenced by Instacart maintaining over 750 employees in the city through this renewed lease.