December 21, 2016
Charles Schwab Corp. is staying at its HQ in San Francisco after considering relocation options across the Bay Area. The financial services company leased 417,266 square feet at CIM Group’s 211 Main St. for 10 years in what is one of 2016’s largest lease transactions.
The 18-story, Class A office asset is located in the South Financial District, where significant transformation is underway including the redevelopment of the Transbay Terminal. The renewal comes in advance of Schwab’s previous lease that was set to expire in May 2018.
The company remains committed to the city in which it was founded in 1971, although it says it is currently in the process of consolidating non-branch-office employees in San Francisco at the 211 Main St. site.
JLL represented Schwab in the lease. CBRE’s Mark Geisreiter, John Cecconi and Conor Famulener represented landlord.
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