Hudson Pacific Signs Tech Company Providing Luxury Vehicle Dispatch Service To Full Floor Lease
Uber Technologies, the venture-funded San Francisco-based technology company behind the popular on-demand driving service available for hire by passengers using their mobile devices, agreed to lease the entire fourth floor at Hudson Pacific Properties' 1455 Market Street in downtown San Francisco.
The tech firm signed a new 10-year lease for 88,134 square feet, and plans to relocate from its current location at 405 Howard Street when its new lease commences in the first quarter of 2014.
The 21-story building was built in 1977 and totals 1,012,012 square feet in San Francisco's Mid Market district, an area that has recently emerged as one of San Francisco's emerging technology and business hubs. Square Inc. leased space in the building for its headquarters and Twitter's new corporate headquarters is also located in the same area.
Cushman & Wakefield's J.D. Lumpkin and Zachary Siegel represent the building for Hudson Pacific with Uber technologies represented by Jenny Haeg of Custom Spaces Commercial Real Estate. The same three brokers were involved in negotiating mobile shopping device maker Square, Inc.'s 246,078-square-foot lease at 1455 Market Street last fall.