Scope

719,000 square feet of gross area, 41-story office building

Challenge / Description

One Sansome St. sits atop a base that includes portions of a historic building that once housed the Anglo & London Paris National Bank.The building is named Citigroup Center at One Sansome - after the bank that built the tower in 1983 to house its West Coast operations.

Upon acquisition by Barker Pacific Group and Prudential Real Estate Investors, the occupancy had fallen to 75% and common areas needed refurbishing. The BPG and Prudential joint venture will invest about $20 million to upgrade the building. The capital improvements will include renovating the lobby, elevator cabs, graphics, and the historically significant atrium area.

To enhance the project's value, BPG is offering aggressive rental packages to prospective tenants that are competitive with the rest of the market.

Features

• Upper-floor space with panoramic views of the San Francisco Bay, the Golden Gate Bridge, and the Bay Bridge.
• Located directly above the Bay Area Rapid Transit (BART) Montgomery Station with secured, direct elevator access from BART to the building lobby.
• Club One Fitness, a first-class fitness club, is located on the mezzanine level of the Tower.
• One Sansome is in the heart of the Financial District, proximate to numerous restaurants, retailers, and other major buildings.

Website: www.OneSansome.com

Acquired

May 2010

Partners

Barker Pacific Group and Prudential Real Estate Investors

Major Tenants

Leasing