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315 Montgomery Street

Vornado Realty Trust's Glen Weiss Leases 29,524 Square Feet To Pacific Workplaces In San Francisco
LEASEDOffice

Vornado Realty Trust's Glen Weiss Leases 29,524 Square Feet To Pacific Workplaces In San Francisco

315 Montgomery Street

Building Size

29,524 SF

Asset Type

Office

Closing

Apr 7, 2026

AI

The asset involved in the transaction is an office space located at 315 Montgomery Street in San Francisco. The total square footage of the lease is 29,524, and it is situated in the Financial District, within Vornado Realty Trust’s 1.8-million-square-foot downtown campus.

Summary of transaction details:

Pacific Workplaces signed a lease for the aforementioned office space, with the location set to open in May 2026. The new space will encompass the 9th and 10th floors and will provide private offices, coworking memberships, and meeting rooms, utilizing premium amenities and the WorkLife program to accommodate hybrid teams, enterprises, and professional services firms.

Players

Erik Sorenson

Veracity Commercial Partners

Broker

2 deals

Broker
Glen Weiss

Glen Weiss

Vornado Realty Trust

Landlord

7 deals

Landlord

Laurent Dhollande

Pacific Workplaces

Tenant

2 deals

Tenant

San Francisco Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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