Brendan Foody Of Mercor Expands Footprint With 27,272 Square Foot Sublease At 181 Fremont Street
181 Fremont Street
Building Size
27,272 SF
Asset Type
Office
Closing
Jun 12, 2026
AI
The asset involved in this transaction is an office space located at 181 Fremont Street in San Francisco, CA. This office measures 27,272 square feet and is part of a prestigious tower in the market, which has recently seen an increase in AI and tech tenants due to ongoing leasing activity in the downtown area.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Market: San Francisco, CA
- Tenant: Brendan Foody
- Company: Mercor
- Previous Occupant: Meta
The deal was signed by Brendan Foody representing the AI recruiting startup Mercor, which has expanded its footprint within the building by acquiring three upper floors that were previously vacated by Meta. This transaction illustrates the continued interest of tech companies in prominent office spaces in San Francisco.
Fremont 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