February 5, 2019 — Newmark Knight Frank (NKF) is the exclusive leasing agent for a unique, 174,000 – square-foot mixed-use building located in the desirable SOMA district of San Francisco.
Madison Capital recently acquired the asset through a joint venture and has since commenced a comprehensive capital improvement plan that will convert the five-story asset into SOMA’s premier mixed-use building. 360 Spear features 112,800 sf of space that is currently available for lease and scheduled to deliver in early Summer 2019. Office, PDR (Production Development & Repair) and biotech uses are permitted at the building.
According to Justin Cesario, Vice President at Madison Capital, “360 Spear has been thoughtfully designed to meet the needs of a wide range of tenants. We are pleased to have NKF working on this assignment and to officially introduce our repositioning of 360 Spear to the market.”
NKF Executive Managing Directors Charlie Withers, Bill Benton and Liz Hart along with Senior Managing Director Roman Adler are the leasing agents for 360 Spear, which offers 40,000 square foot floor plates and views of the San Francisco Bay.
According to NKF’s Charlie Withers, “360 Spear is one of the most dynamic offerings on the market today. Leasing will focus on curating a diverse mix of cutting-edge tenants while also offering one tenant a headquarters opportunity next door to some of the most influential companies in tech and business.”
“Ownership has commenced a repositioning that highlights the industrial character of the building including its steel and concrete structure, 13’ clean concrete ceilings, floor-to-ceiling windows with water views and robust infrastructure, which will be complimented by the building’s professionally designed, modern amenities including a 275’ urban green space.”
Former Marine/Navy HQ
360 Spear is a historical re-use of the Navy and Marine Headquarters that was constructed in 1924. The building offers close proximity to public transit and hundreds of restaurants, a reservable ground-floor amenity space with operable storefront system, urban green space, locker rooms, showers, private entrance opportunities, drive-in capabilities, vast amounts of natural light and is institutionally owned and operated.