{"id":1004119565,"date":"2015-05-18T08:30:11","date_gmt":"2015-05-18T16:30:11","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=347930"},"modified":"2022-12-04T01:38:11","modified_gmt":"2022-12-04T09:38:11","slug":"tmg-alexandria-jv-on-brannan-street-office-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tmg-alexandria-jv-on-brannan-street-office-development\/","title":{"rendered":"TMG, Alexandria JV on Brannan Street Office Development"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

With San Francisco’s office market holding its ground as one of the strongest in the country, developers are clamoring to secure as many opportunities as possible. A case in point is the TMG Partners-Alexandria Real Estate Equities joint venture to acquire an office development site in the proximity of Moscone Center, the largest convention and exhibition complex in the city.<\/p>\n

The joint venture acquired 505 \"\"<\/a>Brannan St., a fully entitled site that will accommodate as much as 135,000 square feet of space. The site comes with Prop M office allocation, which was secured back in 2014. When developed, the project is set to feature tenant-friendly characteristics such as large floor plates and a side core design, in a location that offers a host of retail and residential spots. According to TMG Partners\u2019 chief investment officer, Matt Field, the property also has \u201cgreat transit access, with the Cal Train station a block away and a new Central Subway stop less than half a block away.\u201d The developers pointed out that their expectations for the project are high, with strong demand projected for 505 Brannan.<\/p>\n

Alexandria Equities is adding to its Mission Bay \u2013 SoMa cluster with the development of this asset. The company\u2019s assets are currently fully leased, while its \u201cnear-term development pipeline comprising 723,000 square feet is also 100 percent leased to high-quality disruptive technology companies,\u201d according to Stephen Richardson, Alexandria Real Estate Equities’\u00a0COO & regional market director for San Francisco.<\/p>\n","protected":false},"excerpt":{"rendered":"

With the area’s office market continuing to be viewed as one of the strongest in the country, developers are clamoring to secure as many opportunities as possible. A case in point being this week’s announcement that TMG Partners and Alexandria Real Estate Equities have formed a joint venture for the acquisition of an office development site located in the proximity of the Moscone Center, the largest convention and exhibition complex in the city.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1609],"tags":[],"class_list":["post-1004119565","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-francisco"],"acf":[],"yoast_head":"\nTMG, Alexandria JV on Brannan Street Office Development - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/tmg-alexandria-jv-on-brannan-street-office-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TMG, Alexandria JV on Brannan Street Office Development\" \/>\n<meta property=\"og:description\" content=\"With the area’s office market continuing to be viewed as one of the strongest in the country, developers are clamoring to secure as many opportunities as possible. 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