For more than 20 years, the 25-story office tower at 55 Second Street in San Francisco has been known as the KPMG building for the global accounting firm that acquired the naming rights along with its original lease as an anchor tenant.
KPMG's current lease covers eight floors and at 125K SF is nearly a third of the space in the 380K SF tower. It will expire at the end of this year and is being marketed as available for leasing on a direct basis, according to CoStar data and a new listing obtained by the San Francisco Chronicle.
KPMG eliminated 2,700 U.S. jobs in two rounds of layoffs last year as it adjusted to hybrid work patterns. According to the newspaper report, the company was shopping for 75K SF.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
