November 2, 2020
New York-based Madison Capital executed 90,000 square feet leasing at 360 Spear in San Francisco. The 160,000-square-foot property underwent a $17-million capital improvement plan repositioning it as an aspirational workplace experience appealing to life science, PDR and office tenants across a broad range of specializations.
Lattice, a people management platform, signed a new lease for nearly 40,000 square feet, and Vitalant, a health care life sciences company, took 33,317 square feet. AT&T also recently renewed its data center lease at 360 Spear for 16,931 square feet.
Madison Capital’s Justin Cesario says, “Our approach to repositioning 360 Spear was multifaceted and a balance of thinking outside of the box while remaining focused on creating a universally appealing product. Coupled with the property’s flexible zoning and historic industrial characteristics, which we brought back to life, the strategy that we implemented at 360 Spear allowed our team to pivot in response to changes in the market.”
Newmark’s Charlie Withers handled the leasing on behalf of the landlord.
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