Barclays Global Investors Agrees to New Headquarters Building in San Francisco

CoStar Group - November 21, 2005

Equity Office Properties Trust (NYSE:EOP) plans to begin construction next March on its 10-story, 335,000-square-foot Foundry Square I office building in downtown San Francisco after signing Barclays Global Investors to a 321,545-square-foot, long-term lease. CBRE represented Barclays in the deal.

The new building, which will be located at 400 Howard Street in the South of Market St. submarket, will serve as the investment advisor’s new headquarters when it is completed in December 2007. Barclays has been based in San Francisco since 1971 and has more than 1,000 employees in the area. Its headquarters is currently located in 45 Fremont Street, a 34-story, 580,000-square-foot office tower owned by Shorenstein and MetLife. The new building will be the third of four 10-story office buildings planned for site fronting the busy intersection of 1st and Howard streets in downtown San Francisco.

Billed as one of the world’s largest asset managers, Barclays Global Investors had more than $1.4 trillion in assets under management as of June 30, 2005, for more than 2,700 clients in 48 countries. The firm is owned by Barclays PLC. Sphere: Related Content