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Dow Jones Consolidating Into 201 California

SAN FRANCISCO-The newspaper company signs a 10-year lease for 47,000 sf--two-thirds more space than it has been leasing in the building, allowing it to bring its four business units into a single structure.

By Brian K. Miller | Updated on March 27, 2005

SAN FRANCISCO-Dow Jones & Co. has signed a 47,000-sf lease that will keep it in 201 California St. for another 10 years. The newspaper company is currently leasing 28,000 sf in the building, but has two other divisions–both acquired last year–located in other Downtown buildings. The expanded lease at 201 California is being used to bring all four divisions under a single roof.The building is owned by Equity Office Properties. The details of the transaction are being held close to the vest, but Dow Jones’ broker representative, Cushman & Wakefield senior director Christopher Roeder, tells GlobeSt.com the deal includes all new space and lower overall occupancy costs for Dow Jones thanks to market timing and EOP’s want to expand and extend the lease of a high-credit tenant.The Dow Jones companies–Factiva, MarketWatch, VentureOne and, of course, Dow Jones–will be located on floors 10, 11, 13 and a small portion of 14. Dow Jones currently occupies one of the floors, but will be temporarily relocated while it is renovated. The space will be ready in stages over the next seven months. The new lease begins this summer and runs out in mid 2015.Cushman & Wakefield’s first quarter statistics show that the city’s overall vacancy rate dropped a full point over last quarter to 18.0%. Over the same time period class A space in the Central Business District decreased from 18.0% to 16.7% currently. Fittingly, Roeder says the Dow Jones lease takes 201 California to about 85% leased.Roeder was assisted in his representation of Dow Jones by Bradley J. Feld of C&W’s Los Angeles office.

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