Patson Companies

Title Insurance:

Stewart Title Commercial Services – San Francisco; Rich Blumenthal, Senior Vice President, Senior Underwriting Counsel, Manager; Shelley Norman, Vice President, Senior Underwriting Counsel; Michi Perkins, Commercial Unit Supervisor; Leah Deffenbaugh, Commercial Closing Specialist; Leticia Colón, Commercial Escrow Officer; Stewart Title Commercial Services – Chicago; Thomas Gray, Vice President, Senior Business Development Officer

1155 Market Street, an 11-story, approximately 140,000-rentable-square-foot office building, is a welcomed addition to the many San Francisco Mid-Market revitalization projects underway. This once heavily distressed corridor is rapidly gaining new life as old buildings are updated and transformed.

The seller, Laurus Corporation, purchased the building in 2011 and completed extensive renovations to the lobby and common area before selling to Patson Companies. Right after closing on 1155 Market Street, the owner agreed to sell the top three floors to Lighthouse for Blind, a nonprofit organization serving about 40,000 blind and visually impaired people in the Bay Area. Also, more than 75% of the building was re-leased to the City and County of San Francisco for a 10-year term.

1155 Market Street has undergone approximately $14 million in renovations, which include the façade, lobby, corridors, bathrooms, elevators, common areas and overall MAP systems for LEED® Gold Certification and Ashrae compliance.

It is situated in the heart of a major technology hub, with companies like Twitter® close by. Also, 1155 Market Street is near public transportation, making it an ideal location
for commuters.