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Shorenstein Co. Movin' On Down In Its Bank of America Building

SAN FRANCISCO-Cashing in on the real estate boom, the San Francisco company will give up its 49th floor digs and move down eight floors, where Morgan Stanley Dean Witter & Co. also will reside.

By Becky Bergman | Updated on November 17, 2000

SAN FRANCISCO-The Shorenstein Co. has announced that it will move out of its current home on the 49th floor of its Bank of America building. But it won’t be lugging its baggage far: the company is relocating eight floors down.

According to Charles Malet, Shorenstein’s national leasing director, several tenants are bidding for the 30,000-sf office space, which includes spectacular views of the City through floor-to-ceiling windows. The Shorenstein Co. hopes to nab $115 per-sf, according to Malet. “555 California Street is clearly one of the premier office properties in the United States, and the San Francisco office market is particularly strong right now,” said Doug Shorenstein, Chairman and CEO of Shorenstein Co.

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