Concord Capital performed a major renovation and repositioning effort at the Whitell Building.
SAN FRANCISCO—Marking WeWork's fifth San Francisco location and first on Union Square, Concord Capital Partners has signed the co-working firm to a long-term lease at the historic Whitell Building. Under the terms of the 10-year lease valued at more than $10 million, WeWork will bring its collaborative concept to five full floors totaling 12,000 square feet as it continues its expansion mode.
Concord acquired the 110-year-old 50,000-square-foot office tower at 166 Geary St. overlooking Union Square in November 2015 for $60 million. Following a major renovation and repositioning to attract entrepreneurial tenants looking for a Union Square location, the Los Angeles-based real estate investment firm has increased occupancy to more than 95%.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
