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News release

SAN FRANCISCO, CA

As San Francisco Office Submarkets Tighten, Building Owners Prep for Future

JLL team of Powell and Doupe appointed to handle leasing at 450 Sansome in the North Financial District


SAN FRANCISCO, Sept. 29, 2015 —The North Financial District continues to attract a steady stream of tech and traditional tenants because of its access to critical retail and business amenities and proximity to a wide variety of transportation options.  Within the submarket, well-located buildings like 450 Sansome have been renovated and repositioned to appeal to today’s tenants with the result that the Class A building currently stands 100 percent occupied. 

With a new owner and leasing team of JLL’s Wes Powell and Tom Doupe in place, 450 Sansome is set for its next phase as a Class A corporate location.  The 133,000-square-foot, 16-story building underwent a major facelift in the last few years, creating a hip, contemporary location within a 1960’s era building shell.  Current tenants include Umpqua Bank, ABD Insurance, Worldpay US, Axis RE and SillaJen Therapeutics. 

Though currently fully occupied, leases expiring could potentially result in approximately 10,400 s.f. becoming available by the end of this year and 24,000 s.f. in the next 12 months. 450 Sansome enjoys close proximity to more than 30 boutique shops and nearly a dozen restaurants at the nearby Embarcadero Center.  The ground floor of 450 Sansome also features a Peet’s Coffee & Tea and Portland, Oregon-based Umpqua Bank’s “flagship” San Francisco retail branch.  

“450 Sansome has experienced robust leasing activity in the last few years due to the high quality of its space, its side core design which provides great natural light, and its excellent location.  On behalf of the new owner, we want to maintain the building’s strongly competitive edge within its submarket,” said Wes Powell, JLL.  “The availability of upcoming leasing opportunities for tenants provides an unparalleled opportunity for a wide variety of the city’s office users to secure a modern address within the Financial District,” he added.

450 Sansome’s location in the North Financial District gives tenants convenient access to multiple public transportation options as well as parking.  The building has a newly renovated ground floor exterior and interiors, spectacular upper floor views and column-free efficient side core floorplates.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $56.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.​