* Information contained in this news release is current as of its date of announcement. Be aware that information contained herein is subject to change without notice.
January 16, 2020
Mitsui Fudosan Co., Ltd.
Tokyo, Japan, January 15, 2020 - Mitsui Fudosan Co., Ltd, a leading global real estate company headquartered in Tokyo, has decided to participate in the development of Brannan Square - a complex of three office buildings in San Francisco, California, through its subsidiary Mitsui Fudosan America, Inc. (representative: John Westerfield). Currently, Mitsui Fudosan America has one office building in the City of San Francisco - 270 Brannan. Brannan Square will be the second office property on the west coast and will be one of Mitsui Fudosan’s largest-scale projects in the region
Brannan Square, located at 598 Brannan Street, will consist of three independent buildings: Building 1 will be 11 floors; Building 2 will be 13 floors; and Building 3 will be 10 floors. The buildings will surround a park that is included in the development. Total floor space across the three buildings is approx. 1.2 million ft2 (112,000 m2). Phase I of construction will consist of buildings 1 and 2 and begin in late summer 2020 with delivery expected autumn 2022. The buildings will feature floorplates averaging over 30,000 square feet with 14-14’9“ foot office floor to floor heights and broad windows.. In addition, the site has easy access to Silicon Valley, making it popular among technology-oriented companies, and is located in the South of Market (SoMa) neighborhood, where further development (future redevelopment) is expected. This is an extremely rare opportunity to develop new office space in San Francisco, which has extremely high barriers to entry.
Furthermore, the property is easily accessible with many convenient transportation options . The site is a three minute walk to the new 4th St & Brannan St subway station on the Muni T Line, a seven minute walk to the King Street Caltrain Station, and offers immediate freeway access to highways 101, I-80 and I-280. Employees working in the building will benefit from retail, terraces and an adjacent park.
Tishman Speyer, the partner on this project, is a leading owner, developer, operator and fund manger of first-class real estate around the world.
Brannan Square Perspective drawing
Park Perspective drawing
Tishman Speyer, founded in 1978, is active across the United States, Europe, Latin America and Asia, building and managing premier office, residential and retail space in 29 key global markets for industry-leading tenants. The firm has acquired, developed and operated a portfolio of over 400 assets in 7 counrtries worldwide, including the U.S., countries in Europe, Latin America and Asia. The company has had operations in San Francisco for more than 20 years.
The Mitsui Fudosan Group has targeted overseas business as one of its growth areas and is engaged in projects in countries, such as the U.S., UK, as well as in China, Taiwan, and Southeast Asia.
In the U.S., Mitsui Fudosan is developing housing and other mixed-use projects, and aims to capture additional new business opportunities going forward.
|Property Name||Brannan Square|
|Location||598 Brannan Street, San Francisco, CA|
|Scale||Building 1: 11 floors
Building 2: 13 floors
Building 3: 10 floors
|Site Area||Approx. 195,000 ft2 (approx. 18,000 m2)|
|Total Floor Area||Approx. 1,203,000 ft2 (approx. 112,000 m2)|
|Asset Class||Offices, Retail|
|Schedule||< Buildings 1 and 2 >
Construction planned to start in 2020
Construction planned for completion in 2022
< Building >
Construction planned to start in 2021
Construction scheduled for completion in 2023
|Location||270 Brannan Street, San Francisco, CA|
|Total Floor Area||213,302sf(approx.19,800m2)|
|Scale||North Building:7 floors
South Building:5 floors
|Asset Class||Office, Retail|
|Location||1430 2nd Avenue, Seattle, WA|
|Total Floor Area||Approx.548,000sf(approx.50,900m2)|
|Asset Class||Residence(340 units), Retail|
|Location||1395 22nd Street, San Francisco, CA|
|Total Floor Area||Approx.323,300sf(approx.30,000m2)|
|East Building/4 floors
West Building/8 floors
|Asset||Class Residence(263 units)|
|Location||Phase1:1701-1799 Pringle Avenue,Walnut Creek, CA
Phase2:1901-1915 N California Boulvard, Walnut Creek, CA
|Total Floor Area||Phase1:Approx.593,700sf(approx.55,100m2)
|Scale||Phase1:4 floors(consists of two buildings)
Phase2:4floors(consists of two buildings)
|Asset Class||Residence, Retail
(Phase1:358 units, Phase2:238units)
|Location||3205 Denargo St, Denver, CO|
|Total Floor Area||Approx.326,900sf (approx.30,400m2)|
|Asset Class||Residence, Retail|