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Transamerica Leasing, Mgmt. Goes to C&W

SAN FRANCISCO-The assignment, which totals 776,782 sf, includes the landmark Transamerica Pyramid building and Pyramid Center, which includes 505 Sansome, 540 Sansome and 2 Bryant.

By Brian K. Miller | Updated on September 07, 2006

SAN FRANCISCO-Aegon USA Realty Advisors Inc. has handed the property management and leasing assignments for the landmark Transamerica Pyramid building and neighboring Pyramid Center properties to Cushman & Wakefield. Lowe Enterprises previously held the assignments. The change was made late last week.

C&W’s local managing director Joe Cook tells GlobeSt.com the assignment totals 776,782 sf. Transamerica Pyramid, built in 1972, totals 491,799 sf and is 94.5% leased. The other buildings in the deal are 505 Sansome (180,963 sf; 78% leased), 545 Sansome (50,525 sf; 92% leased) and 2 Bryant (53,495 sf; 100% leased).

In a prepared statement, C&W says the formal interview process, initiated by Aegon in April, “was conducted in order to adhere to certain internal policies and procedures in [Aegon's] management of real estate operations, which includes periodically competitively bidding its major third party service providers.”

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