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Capgemini Downsizes Office Footprint in Move to Tishman Speyer’s Mission Rock
Global tech firm Capgemini America Inc., a longtime tenant of San Francisco’s SoMa neighborhood, will consolidate its workforce into The Canyon, part of the Mission Rock development from Tishman Speyer in partnership with the San Francisco Giants and the San Francisco Port. The San Francisco Chronicle reported that the company’s new lease spans 30,000 square feet and at least 10 years.
A total of 58,000 square feet of office space has been constructed at The Canyon, a 240-foot-tall mixed-use building. Paris-based Capgemini will move into the third floor beginning in April.
The building’s residential portion features 283 multifamily units, with 102 designated as below-market rate. It welcomed its first residents in June.
For Capgemini, the move to Mission Rock and a smaller space than it originally contemplated represents a downsizing of its current San Francisco footprint, which encompasses space at 425 Brannan St., 640 Bryant St. and 1130 Howard St. The Chronicle reported that the consolidation will add to the city’s office vacancy, which stands at a record 33.9%, according to CBRE data.
Capgemini was represented by Kevin Waldman and Danny Pickard of Cushman & Wakefield
- ◦Lease
