Uber Signs Long-Term Lease For 77,600 Square Feet At Brookfield Property Partners' Monadnock Building In San Francisco

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Oct 09, 2014, 11:00 ET

SAN FRANCISCO, Oct. 9, 2014 /PRNewswire/ -- Uber Technologies, Inc. has signed a long-term lease for 77,600 square feet at the Monadnock Building in downtown San Francisco, announced John Barganski, senior vice president of office leasing for the Western Region of Brookfield Property Partners, the building's owner.

Uber Technologies, Inc. Signs Long-Term Lease at Brookfield Property Partners' Historic Monadnock Building at 685 Market Street in San Francisco, CA (PRNewsFoto/Brookfield Property Partners)

Located at 685 Market Street, Uber will occupy four floors of the 10-story, 205,000 square foot building. While the Monadnock Building has a rich history, having been built in 1907 by celebrated architect Frederick Meyer, it has been completely updated with the latest in technologies and infrastructure. Sustainability is a priority, with the building earning LEED EB Gold status in 2010.

The building – close in proximity to Uber's other San Francisco offices - provides a strategic location with immediate access to BART and MUNI as well as an easy walk to Union Square. The space is virtually move-in ready, allowing for an easy and efficient occupancy. This latest expansion of Uber's San Francisco offices is expected to be ready for employees by the end of the fourth quarter of 2014.

Monadnock is a native American term for a 'mountain that stands above the surrounding area.' The Beaux-Arts building was under construction prior to the 1906 earthquake. It survived the earthquake and the fire, and has been cited as one of the finest edifices in the City.

Brookfield was represented by Chris Roeder, Jak Churton and Tom Doupe of Jones Lang LaSalle.

Brookfield Property Partners (NYSE: BPY; TSX: BPY.UN) is a global real estate company that invests in and operates best-in-class office, retail, industrial, multifamily and hotel assets. Brookfield's office division owns, develops and manages premier office properties in the United States, Canada, Australia and the United Kingdom. Its portfolio is comprised of interests in 197 properties totaling 98 million square feet in the downtown cores of New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, Ottawa, London, Sydney, Melbourne and Perth, making Brookfield the global leader in the ownership and management of office assets. Landmark properties include Brookfield Places in Manhattan, Toronto and Perth, Bank of America Plaza in Los Angeles, Bankers Hall in Calgary and Darling Park in Sydney. For more information, visit www.brookfield.com.