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Slide Lands Top 3 Floors of 301 Brannan

SAN FRANCISCO-The 36,000-sf lease commences just as Advent Software's lease for all but the first floor expires—two years after it left for larger digs.

By Brian K. Miller | Updated on July 30, 2008

SAN FRANCISCO-Slide, the publisher of applications for social networking sites, has leased the top three floors of 301 Brannan St., a 69,000-sf class B office building in Downtown San Francisco that is owned by the US arm of Amsterdam-based Breevast BV. The 36,000-sf lease commences later this year. Slide will be relocating from 8,500 sf at 612 Howard St.

Slide signed a five-and-a-half-year lease. The negotiated lease rate was not released by the parties involved but is believed to have come in at around $40 per sf. The asking lease rate for the upper floors of the building prior to lease negotiations was in the low $40s per sf per year, not including janitorial and utilities costs. The asking lease rate for the remaining space, floors 1 through 3, is in the high $30s per sf per year, including a $25 tenant improvement allowance.

Mike McCarthy and Carter Beim of Colliers International have the leasing assignment. Gary Arabian and Jenny Haeg of CAC Group represented Slide.Beim tells GlobeSt.com that there is lots of activity for the remaining space, including two tours today, each with a full floor user, as well as a gaming company that has expressed interest in two floors. Indeed, Colliers research finds there are currently 61 technology companies looking for space in the market, nearly 85% of which represent positive absorption.

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