SAN FRANCISCO-The 140,000-sf hole created at 101 2nd St. by the Arthur Andersen consulting firm last spring is slowly being plugged up.

Including a full-floor lease signed this month, brokers now have filled six of the eight floors vacated by Arthur Anderson last fall. The four-year-old property is owned by Chicago-based Cousins Property and Myers Development of San Francisco.

Phil Tippett, the CB Richard Ellis broker that’s filling the space for the second time, tells GlobeSt.com that after falling from 98% occupied to 62% occupied as a result of Enron, occupancy at the 387,430-sf Downtown office tower is now back up to 85%.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.