100 Pine Center
100 Pine Center is located in San Francisco
100 Pine Center
Location within San Francisco
Alternative names100 Pine Street
Continental Insurance Building
General information
TypeCommercial offices
Location100 Pine Street
San Francisco, California
Coordinates37°47′33″N 122°23′56″W / 37.7926°N 122.3989°W / 37.7926; -122.3989
Completed1972
OwnerRockpoint Group
Height
Roof145.09 m (476.0 ft)
Technical details
Floor count33
Floor area402,500 sq ft (37,390 m2)
Design and construction
Architect(s)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. 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.[7]

By the start of the dot-com bubble the property, then owned by Grosvenor Properties,[8] was outdated and suffered from deferred capital maintenance.[6]

In 1997, the building was purchased by Walton Capital,[8] 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][9][10] 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.[11] The property was acquired by the Rockpoint Group in February 2017 for US$287.5 million.[12]

Tenants

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.[13]

The Consulate-General of Ireland is in the building.[14]

See also

References

  1. ^ "100 Pine Center". CTBUH Skyscraper Center.
  2. ^ "Emporis building ID 118905". Emporis. Archived from the original on March 6, 2016.
  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. ^ "At Risk in a Big Quake: 39 of San Francisco's Top High Rises". The New York Times. 2018-06-14. Retrieved 2021-10-04.
  8. ^ a b Adam Feuerstein (July 11, 1997). "100 Pine falls to Chicago real estate kingpin". San Francisco Business Times. Retrieved December 1, 2007.
  9. ^ "Unico Acquires 100 Pine Street in San Francisco". Business Wire. November 27, 2000. Retrieved December 1, 2007.
  10. ^ Douglas Robson (March 3, 2000). "Cornerstone pulls plug on deal for 100 Pine St". San Francisco Business Times. Retrieved December 1, 2007.
  11. ^ 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.
  12. ^ Peterson, Jon (February 10, 2017). "Rockpoint Acquires 100 Pine in San Francisco for $287.5MM". The Registry.
  13. ^ "US Green Building Council LEED Project List". Archived from the original on 2008-11-03. Retrieved 2008-08-04.
  14. ^ "Consulate-General of Ireland in San Francisco". Irish Department of Foreign Affairs. 2010. Archived from the original on July 23, 2008. Retrieved November 23, 2010..
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