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GSA Inks 71,000-SF Lease at 120 Montgomery

SAN FRANCISCO-The 430,000-sf class A building is under contract to be acquired by Hines Interests LP.

By Brian K. Miller | Updated on December 05, 2005

SAN FRANCISCO-The federal government has taken down just under 71,000 sf at 120 Montgomery, a 430,000-sf class A building that Equity Office Properties Trust is under contract to sell to Hines Interests LP. The long-term lease reportedly drops vacancy in the building to about 19%.

Built in 1955, 120 Montgomery is one of San Francisco’s original skyscrapers. The 25-story building is located near Union Square and mass transit. Without naming a specific tenant, the US General Service Administration leased all of the building’s second, eighth and ninth floors and a portion of the seventh floor.

Shamm Kelly of Colliers International represented GSA. EOP was represented in-house by Ken Young, managing director of leasing. Shamm deferred comment on the details of the lease to the GSA, which has not yet responded to a request for information.

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