Located in the City’s Rincon Hill/South Beach Neighborhood, State-of-the-Art High-Tech Gem Is Surrounded by Some of City’s Most Upscale Residential Properties
SAN FRANCISCO – February 28, 2018 – Despite the general perception of San Francisco’s booming office market as consisting only of towering skyscrapers in densely packed commercial corridors along increasingly gridlocked streets, there remain a handful of smaller office buildings whose owners have defied the high-rise trend and, with a sense of history as their guide, renovated these smaller, historically significant structures.
Leading this trend is 390 Fremont, an 8,250-square-foot, state-of-the-art building being marketed for lease by Colliers International in the Rincon Hill/South Beach area recently re-christened as The East Cut. It is arguably the best example of how a structure first conceived and built at the turn of the 20th Century can rise to meet the the high-demands of companies in the first half of the 21st Century, more than 100 years after it was built.
Surrounded by some of the City’s most upscale residential neighborhoods, with unimpeded views including not only of San Francisco Bay and surroundings, but glimpses of the sparkling new skyscrapers housing such tech titans as Apple, Salesforce, Facebook, and Google, 390 Fremont offers potential tenants many of the same high-tech amenities of those new high-rise structures.
In 1926, the Orton family built 390 Fremont to manufacture submarine shafts during World War II, when every industrial manufacturer in the U.S. – from automobile plants to washing machine manufacturers – were converted into wartime industries. In 1996 the high-tech firm of GVS took over the property where they developed digital sonar recorders for modern-day U.S. Navy submarines, among many other innovative products.
“From the moment they enter the lobby, clients have been impressed by the building’s dramatic contemporary open work spaces boasting ceiling heights from 16 to 28 feet (clear height), large skylights that allow natural light to flood work spaces throughout the day, and wall-to-wall windows in every office,” said Colliers Vice President Jamie Kendall who, along with Executive Vice President John Jensen, is leading the team leasing the building. “It’s a magnificent presentation of how a building from the turn of 20th Century has entered the new century completely retrofitted for the new millennium.”
Further rare amenities include glass-enclosed conference rooms, private office areas on the second floor, and collaborative workspaces featuring advanced power systems, highly polished-concrete and wood floors, sleek kitchen cabinetry, contemporary fixtures, and stainless steel appliances that add an ultra-modern touch to this creative office space.
“This historic structure represents longevity, a connection to the city’s rich past, while, at the same time, offering every single technological advance necessary to operate in today’s tech-driven world,” owner Jano Avanessian said.
Avanessian, who is also a co-founder of GVS, knows the challenges facing today’s companies, one of which is how best to store, access and share ever-growing digital assets, and so introduced 200TB High Speed Local storage into the 390 Fremont Building. This fully redundant Nomadic 4U Storage product delivers high-speed fiber, highly secure, local storage throughout, and a 24x10GB•T network switch. In addition, the entire building is hard wired with CAT 5/6 with fiber interface.
“It’s a one-of-a-kind opportunity for a tenant to have access to vast, high-speed, reliable, and local storage, which will result in huge savings on monthly fees for cloud storage,” he said. “Plus, it provides relief from any external threats and vulnerabilities.”
Additionally, 390 Fremont’s many commuting options include direct access to the Bay Bridge and every other major local freeway, a short walk to the local BART station and connections to a variety of bus lines. There’s also an optional 3,550-square-foot open space areas suitable for some two dozen autos.
The strategic location of 390 Fremont also offers a unique marketing opportunity with its outdoor signage, as well. These large, backlit signs are visible not only to those walking by, but also provide what Avanessian describes as “incredible exposure” to the thousands of automobiles exiting and entering San Francisco on Bay Bridge every day.
“Tenants will have access to the three outdoor signs facing Fremont Street, the building’s most exposed location,” Avanessian said. “In fact, a traffic survey showed average daily sign views in excess of 200,000 per week prior to all of the high-rise buildings coming onto the market, which tells me that the number of views has likely quadrupled, adding another very attractive marketing option for any potential tenant.”
Kendall and Jensen added that another popular point when listing the building’s amenities is a roof-top terrace with views of the city, the bay and the skyline, an open-air deck that can be used for special events, parties, gardens or all of the above. It’s a connection to the past, like the movie ‘Back to the Future,’ and interest in it is proving to be exceptionally strong.
“Here, added Jensen, “we have blue skies, bay views and a new Woodlands Market, a recent gourmet addition to the immediate neighborhood.”
Further information about the property, terms and lease costs are available by contacting either Kendall or Jensen in Colliers’ San Francisco office.
About Colliers International Group
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting. Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers also has been ranked the top property manager in the world by Commercial Property Executive for two years in a row.
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