100 Pine Center

From Wikipedia, the free encyclopedia
Jump to: navigation, search
100 Pine Center
100 Pine Center.jpg
Alternative names 100 Pine Street
Continental Insurance Building
General information
Type Commercial offices
Location 100 Pine Street
San Francisco, California
Coordinates 37°47′33″N 122°23′56″W / 37.7926°N 122.3989°W / 37.7926; -122.3989Coordinates: 37°47′33″N 122°23′56″W / 37.7926°N 122.3989°W / 37.7926; -122.3989
Completed 1972
Owner Rockpoint Group
Height
Roof 145.09 m (476.0 ft)
Technical details
Floor count 33
Floor area 402,500 sq ft (37,390 m2)
Design and construction
Architect Hertzka and Knowles
References
[1][2][3][4]

100 Pine Center is a class-A office building at the northwest corner of Pine Street and Front Street in San Francisco's Financial District.[5] The building is 145 m (476 ft) with 33 floors, and 402,500 sq ft (37,000 m2) of rentable office space, a 150-car garage including 30 valet parking spaces.[5][6]

Completed in 1972 as headquarters of the Continental Insurance Company, the building is among the earlier of San Francisco's modern skyscrapers. By the start of the dot-com bubble the property, then owned by Grosvenor Properties,[7] was outdated and suffered from deferred capital maintenance.[6]

In 1997, the building was purchased by Walton Capital,[7] which invested heavily in upgrades, re-measured the building at 36,000 square feet (3,300 m2) larger than before, then aggressively re-leased space at higher rates.[6] After two failed transactions, Walton Capital sold the building to investors led by Unico Properties in May 2000 for US$156 million.[6][8][9] Unico re-sold the property to the Alaska Permanent Fund based on a US$149 million price in August 2005, but retained a minority ownership share.[10] The property was acquired by the Rockpoint Group in February 2017 for US$287.5 million.[11]

Tenants[edit]

The tower houses many daytime office workers. Major tenants include the New York Life Insurance Company. As of 2016, it is tied with 45 Fremont Center as the twenty-sixth tallest building in San Francisco. It was certified as being operated and maintained as a green building under the US Green Building Council's Leadership in Energy and Environmental Design for Existing Buildings (LEED EB 2.0) standards in July 2008.[12]

The Consulate-General of Ireland is in the building.[13]

See also[edit]

References[edit]

  1. ^ "100 Pine Center". CTBUH Skyscraper Database. 
  2. ^ 100 Pine Center at Emporis
  3. ^ "100 Pine Center". SkyscraperPage. 
  4. ^ 100 Pine Center at Structurae
  5. ^ a b "100 Pine". Unico. Archived from the original on October 20, 2007. Retrieved December 1, 2007. 
  6. ^ a b c d "100 Pine Street". Walton St. Capital. Archived from the original on January 13, 2008. Retrieved December 1, 2007. 
  7. ^ a b Adam Feuerstein (July 11, 1997). "100 Pine falls to Chicago real estate kingpin". San Francisco Business Times. Retrieved December 1, 2007. 
  8. ^ "Unico Acquires 100 Pine Street in San Francisco". Business Wire. November 27, 2000. Retrieved December 1, 2007. 
  9. ^ Douglas Robson (March 3, 2000). "Cornerstone pulls plug on deal for 100 Pine St.". San Francisco Business Times. Retrieved December 1, 2007. 
  10. ^ Brooke Filkins (August 19, 2007). "Alaska Permanent Fund Acquires 100 Pine for Nearly $150 Million". LaSalle Investment Management. Archived from the original on September 5, 2008. Retrieved December 1, 2007. 
  11. ^ Peterson, Jon (February 10, 2017). "Rockpoint Acquires 100 Pine in San Francisco for $287.5MM". The Registry. 
  12. ^ "US Green Building Council LEED Project List". 
  13. ^ "Consulate-General of Ireland in San Francisco". Irish Department of Foreign Affairs. 2010. Retrieved November 23, 2010. .