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Developer The John Buck Company, Golub & Co. and MetLife are reportedly in final negotiations with Facebook to take the entire 750,000-square-foot Park Tower at Transbay in San Francisco. The 43-story South Financial District office development at 250 Howard St. expected to deliver by the end of the year.
The deal would eclipse Kilroy Realty’s 736,00-square-foot lease with Dropbox at Exchange on 16th as the city’s largest ever, and also represents the city’s last available large block of space until about 2022. The next major office space delivery is at the 1.1-million-square-foot Oceanwide Center, which isn’t slated to be completed for several more years.
JLL’s Chris Roeder, Wes Powell and Steve Anderson represented the landlord. The tenant broker declined to comment.
The Park Tower deal would boost the social media giant’s San Francisco footprint to more than one million square feet of office space, following its recent 436,000-square-foot deal at nearby 181 Fremont.
Dennis Kaiser is Vice President of Content and Public Relations for
Connect Commercial Real Estate. Dennis is a communications
leader with more than 30 years of experience.
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