105,000 SF Value-Add Office
- Acquired July 2019 with AEW Capital Management.
- Property was 100% leased at time of acquisition to Wells Fargo Bank with a short-term lease substantially below market through December 2019.
- The building benefits from its creative office character with 15-32 foot ceiling heights, beautiful board form concrete shell, ornate banking hall ceiling with unmatched creative detail, operable windows on second floor, repurposed vault board room amenity space and an expansive roof deck. Additionally, its superb location sitting in the heart of the San Francisco financial district on top of the Montgomery transit stop makes it one of San Francisco’s most interesting large blocks of available creative office space.
- Creative office reposition is currently underway of existing building with selective demolition of 8 vaults in the basement keeping the most beautiful elements and entire main vault as conf/amenity space, expansion/restoration of existing interior mezzanine level that similar conditions prior to Post Montgomery Tower rehab and restoration of original skylight with new floor cut to create an interior campus restoring the natural daylight that used to shine inside the historic Crocker banking hall structures.