Columbia Property Trust Inks Four Direct Leases at 650 California

Columbia Property Trust, Inc. has signed four lease agreements for a total of 78,962 square feet at 650 California St., its 33-story office tower in San Francisco’s North Financial District, bringing it to approximately 90% leased. Law firm Debevoise & Plimpton LLP signed a 10-year extension that will keep its San Francisco office at the tower through at least 2037, while also expanding by 15,829 square feet, bringing its total footprint to 31,619 square feet.

Law firm Cleary Gottlieb Steen & Hamilton LLP also signed an 11.5-year, 23,758-square-foot direct lease with Columbia. The firm currently subleases 7,165 square feet for its San Francisco office.

HPS Partners has signed an 11-year, 8,000-square-foot direct lease after subleasing 4,391 square feet at 650 California. Additionally, Analysis Group, Inc., a tenant since 2008, signed a full-floor extension for 15,585 square feet.

“650 California’s leasing momentum and strong occupancy rate are proof that the highest quality office product continues to perform well, even in today’s current market,” said Columbia head of real estate Ted Koltis.

Columbia was represented in-house by Koltis and Scott Mullen, and by Cushman & Wakefield’s J.D. Lumpkin and Sam Wasserstein. Debevoise & Plimpton and Cleary Gottlieb were represented by Mike Brown, Danny Trainor, Brian Cohen and Moshe Sukenik of Newmark. HPS was represented by Dean McPadden of CBRE. Analysis Group was represented by Savills’ Michael McCandless, Charles Daggett, Dustin McFarland and Denis Karas of Savills.