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Rapt Inc. Subleases 18,000-SF from LookSmart

SAN FRANCISCO-The risk management solutions is leasing space at 625 Second St. from LookSmart, who is retaining most of its space in the 135,000-sf building. The transaction has a total value of more than $2.3 million.

By Marsha Trent | Updated on June 15, 2001

SAN FRANCISCO-Risk management solutions provider Rapt Inc. inked a sublease agreement for 18,000 sf here at 625 Second St. The transaction has a total value of more than $2.3 million; the term is 40 months.

The company will occupy part of the second floor of the 135,000 sf building. The monthly rent pencils out to be about $3.20 sf. LookSmart signed a 10-year lease on the building in 1999. LookSmart retained about 105,000 sf and leased another 12,000 sf to CG Time a few months ago.

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