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WeWork Takes Five Full Floors at Historic Union Square Building
Concord Capital Partners signed WeWork to a long-term lease for five full floors at the historic Whitell Building, a 50,000-square office tower at 166 Geary Street overlooking Union Square in Downtown San Francisco.
Under the terms of the 10-year lease valued at more than $10 million, WeWork will bring its collaborative co-working concept to 12,000 square feet at the 16-story 1907-era building. This is WeWork’s fifth San Francisco location, and first on Union Square.
Concord acquired the 110-year-old building in November 2015 for $60 million. Following a major renovation and repositioning to attract entrepreneurial tenants looking for a Union Square location, the Los Angeles-based real estate investment firm has increased occupancy to more than 95%.
Seven Equity Group’s Ray Fallack represented the tenant. Concord’s Yoav Sarraf represented the landlord in-house.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Lease



