March 24, 2017
Google, Inc. signed a 10-year lease for 166,460 square feet at Hudson Pacific Properties, Inc.’s 580,940-square-foot Rincon Center II in San Francisco. The lease will commence in March 2018, and helps the Los Angeles-based REIT backfill two significant 2017 office lease expirations: a 132,600-square-foot deal with AIG and a 22,000-square-foot lease with global law firm Dentons.
Hudson Pacific’s Victor Coleman said, “This deal exemplifies the continued strong demand from top-tier tenants for big blocks of space in the city, as well as our team’s ability to proactively address expirations and capture the mark-to-market on rents to the benefit of our shareholders.”
Located at 101 Spear St. in San Francisco’s Financial District, Rincon Center consists of two, five- and six-story Class A office towers with ground-floor retail space. The landmark mixed-use property features an historic lobby, which is a converted art-deco post office listed on the National Register of Historic Places.
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