Ellis Partners Signs 10-Year Lease at Barker Pacific's One Sansome in San Francisco
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SAN FRANCISCO - Barker Pacific Group (BPG) announced today that Ellis Partners has signed a 10-year lease for 6,559 sq. ft. at One Sansome in downtown San Francisco. Ellis Partners will relocate from 111 Sutter St. and is expected to move into the 15th-floor space in One Sansome in January 2023.
A soaring 42-story tower in the heart of San Francisco's Financial District, One Sansome is a diversified multi-tenant, multi-industry building boasting 650,000 square feet of leasable Class A office space.
"It's great to have a 30-year-old, privately held real estate investment and development company choose One Sansome as their next long-term home," said Michael Barker, managing director of BPG. "Our team has to work hand in hand with Ellis Partner's design/construction team to navigate a changing construction pricing environment. Ultimately, we delivered a buildout package that met the tenant's needs."
Ellis Partners is a privately-owned commercial real estate investment and development company founded in San Francisco in 1993. The firm has successfully acquired and developed assets valued at over $2.5 billion.
"Ellis Partners is excited to join the roster of impressive tenants at One Sansome," said Jim Ellis, managing principal for the firm. "The tower's convenient location and outstanding tenant amenities helped secure out decision to relocate out offices."
BPG took ownership of One Sansome in 2010 and has spent more than $100 million on renovations and added over 10,000 square feet of repurposed, rentable space. BPG recently announced the future addition of an ambitious, multi-faceted hospitality concept that promises to create a new hive of activity in one of downtown's most cherished landmarks, the historic Albert Pissis-designed 8,000-square-foot ground floor conservatory of One Sansome. Newly formed PLEASE FIDI, Inc, led by veteran hospitality player Phil Spiegel, is transforming the expansive building lobby and light-filled atrium into a new gathering places for the neighborhood. Plans call for a modern private event facility, an eye-popping neighborhood bar, and an upscale restaurant across multiple ground-floor spaces.
The deal between PLEASE FIDI and Barker Pacific seeks a tight integration between the building's hospitality component and tenant amenities. In addition to operating a bar, restaurant, and event facility, PLEASE will offer an exclusive catering program to the tenants of One Sansome and within the building's newly built conference rooms, private dining rooms, tenant lounges, and the conservatory itself. The arrangement poitions PLEASE to operate as a veritable "hospitality concierge" to One Sansome's strong tenant roster.
"We know we had to make some big moves to best position One Sansome in the post-pandemic world, and they are paying off," added Barker. "We're focusing on making services and amenities to appeal to current and future tenants."
Other new or renewal leases added in 2022 include:
Pachulski, Stang, Ziehl & Jones, #33XX (6,558 sq. ft.)
Egon Zehnder, #3900, new lease (10,176 sq. ft.)
HIG Capital, #3700, extension (17,560 sq. ft.)
Community Counseling Services, new lease in 2024 (2,749 sq. ft.)
HIG Capital, #3420, new lease (8,019 sq. ft.)
Kaplan Kirsch & Rockwell, #2910, new lease (3,348 sq. ft.)
Skikos, Crawford Skikos & Joseph, #2830, extension (6,289 sq. ft.)
Ampersand, #720, new lease (2,321 sq. ft.)
Roman Adler and Mike Brown of Newmark represented One Sansome in the Ellis Partners deal and just moved its San Francisco HQ into One Sansome's 41st and 42nd floors. Eli Ceryak of Cushman & Wakefield represented Ellis Partners.