333 Bush Street Explained

333 Bush Street
Location:333 Bush Street
San Francisco, California
Coordinates:37.7906°N -122.403°W
Pushpin Map:United States San Francisco Central#California#USA
Completion Date:1986
Building Type:Commercial offices
Residential condominiums
Roof:151m (495feet)
Floor Count:43
Floor Area:50422m2
Architect:Skidmore, Owings & Merrill
Owner:Tishman Speyer
References:[1]

333 Bush Street is a 43-floor, 151m (495feet) mixed-use skyscraper located on Bush Street in the Financial District of San Francisco, California. The building was completed in 1986 and was designed by Skidmore, Owings & Merrill and contains commercial offices as well as seven stories of individually owned residential condominiums. It is one of 39 San Francisco high rises reported by the U.S. Geological Survey as potentially vulnerable to a large earthquake, due to a flawed welding technique.[2]

Recent ownership history

In 2009, the tower's owners, Hines and Sterling American Property, forfeited ownership to their lenders after the primary tenant, multinational law firm Heller Ehrman filed for bankruptcy and defaulted on rent payments leaving property 65 percent vacant.[3] In 2013, the building was purchased by a joint venture of Massachusetts Pension Reserves Investment Management Board and DivcoWest Properties for US$275 million.[4] In 2015, the property was acquired by Tishman Speyer for US$380 million.[5]

Tenants

See also

Notes and References

  1. Web site: Emporis building ID 118789 . https://web.archive.org/web/20160306082805/https://www.emporis.com/buildings/118789 . dead . March 6, 2016 . Emporis.
  2. Web site: At Risk in a Big Quake: 39 of San Francisco’s Top High Rises. 2018-06-14. The New York Times. 2021-10-04.
  3. News: J.K. . Dineen . Brookfield Properties forecloses on 333 Bush in S.F. . San Francisco Business Times . 13 December 2009 . 12 February 2016.
  4. News: Mass PRIM Buys Into Purchase of 333 Bush Street . Jon . Peterson . October 22, 2013 . The Registry.
  5. News: Tishman Speyer to Buy 333 Bush in San Francisco Near $700 Per Square Foot or Approx. $380MM . Jon . Peterson . October 12, 2015 . The Registry.
  6. Web site: Carta Team, Story, Careers, and Contact Information. 2021-08-23. carta.com. en-US.