| 123 Mission Street | |
| Former Names: | Pacific Gas & Electric Building |
| Location: | 123 Mission Street San Francisco, California |
| Coordinates: | 37.7919°N -122.3945°W |
| Pushpin Map: | United States San Francisco Central |
| Completion Date: | 1986 |
| Building Type: | Commercial offices |
| Roof: | 124m (407feet) |
| Floor Count: | 29 |
| Floor Area: | 100481m2 |
| Architect: | Skidmore, Owings & Merrill |
| Structural Engineer: | Skidmore, Owings & Merrill |
| Owner: | Northwood, LLC |
| References: | [1] |
123 Mission Street, sometimes referenced as the Pacific Gas & Electric Building, is a 124m (407feet) 29 floor skyscraper in the SOMA neighborhood of San Francisco, California, completed in 1986. The tower was developed by Shorenstein Properties and designed by Skidmore, Owings & Merrill.
In 2018, Northwood Investors of New York bought the building $290 million."
Completed in 1986, the tower was developed by Shorenstein Properties and designed by Skidmore, Owings & Merrill.
It was owned by Northwood, LLC, which acquired it for $300 million from the Chinese insurance company, HNA Group in 2018.[2] Juul announced in June 2019 that it had purchased 123 Mission Street, while maintaining an existing space on Pier 70.[3] The deal was "one of the largest in San Francisco history for a tech company that doesn't specialize in real estate."[4] The building was worth an estimated $400 million.[5]
In November 2019, Juul laid off 23 employees at its new 123 Mission Street Office[6] and was considering selling the building, which it had acquired for $397 million.[7]
As of May 2023, during what the San Francisco Chronicle described as "Downtown San Francisco['s] worst office vacancy crisis on record," 123 Mission Street had a vacancy rate of 89.9%.[8]
The tower is 28 stories, with 363,000 square feet of real estate.[9]