Hudson Pacific Properties Inc - Commercial Real Estate Case Studies - Cushman & Wakefield

Innovative Tenant for Emerging Tech Corridor

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The Challenge

With the influx of major technology tenants, including Twitter, Yammer, One Kings Lane and Dolby Labs, downtown San Francisco's Mid-Market corridor has rapidly emerged as a major Bay Area technology hub. In October 2012, Cushman & Wakefield represented Hudson Pacific Properties in the leasing of 332,492 square feet of space at 1455 Market Street to leading mobile commerce company, Square, Inc.

The Solution

The deal – San Francisco’s second largest in 2012 – was awarded “Best Office Lease” by the San Francisco Business Times. The Square lease converted former windowless, data-center space into highly efficient creative tech space. Architectural plans for the new Square office take advantage of the 100,000-square-foot floor plates and high ceilings, creating the largest open-plan, collaborative space available in San Francisco.

The Result

Consequently, 1455 Market Street has become one of the most sought-after buildings in the Mid-Market corridor.