Monday, October 31, 2011

555 Mission St. - San Francisco Business Times:

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Designed by and local architect HellerManus, the 33-story 555 Missiojn St. fits in seamlessly alongy one of the most dynamic parts of San The 556,000-square-foot building sits on the livel mixed-use Mission Street a stretch that includes office towers 101 Second St. and 560 and ’ new condo tower at 333 Mission. The buildinyg hit the market righ as the country sank into a but still managed to nail four leasing The biggest of these was for anchor tenantf law firmDLA Piper, which snaggec just under 83,000 squarre foot deal to take floors 22 throug h 26. Other tenants included a , whicgh took 60,000 square feet. At the top of the snagged the penthouse forabouty $80 a square foot.
Managing Director David who led the local brokerage activitiesz for DLA andGibson Dunn, said 555 Missionn boasts “some of the most impressive, efficientt and cost-effective law firm spac e in the city.” The greenish glasds curtain tower rising at 555 Mission St. is San Francisco’s firstg speculative office tower builtsince 2002, when Myersa Development completed 101 Second. While the highrise was originallh designed withoutLEED certification, once the building was under constructiohn Tishman Speyer made the decision to registert the building for gold designatiomn under the Leadership in Energy and Environmenta Design criteria.
“I think Tishman was very bold on goinfg ahead with the building especiallyg on the whole efforft togo LEED,” said architect Jeffrey Heller of “It was the correct thinv to do and they deserve a lot of That decision was key in attracting the four tenantx who have inked deals there, according to decision makers at the “It’s a great, great building,” said Fred partner in charge of Gibson Dunn’s San Francisco “It provides great natural lightr not only for the lawyers but the Every employee in the office has a ton of natural light.” Stephen A.
Cowan, head of the West Coasy real estate practicefor DLA, who was responsible for the transactiom said: “We are excited to be in an eco-friendly building of such high quality.” “The new Tishmanh Speyer building in San Francisco is one of our best office locations in the “ said Jay Epstien, chair of the U.S. real estatde practice for DLA. While leasing rates have dropped significantly since most of the dealas at 555 Mission were Brown of Gibson Dunn called the deal theysigner “economical.” “I think it has helped and will help with Brown said.
“We are in it for the long

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