100 Pine Center
Encyclopedia
100 Pine Center is a class-A office building at the northwest corner of Pine Street and Front Street in San Francisco's
Financial District. The building is 145 m (475.7 ft) with 33 floors, and 402500 sq ft (37,393.5 m²) of rentable office space
, a 150-car garage including 30 valet parking
spaces.
Completed in 1972 as headquarters of the Continental Insurance Company, the building is among the earlier of San Francisco's modern skyscrapers. By the start of the Dot-com bubble
the property, then owned by Grosvenor Properties, was outdated and suffered from deferred capital maintenance. In 1997 it was purchased by Walton Capital, which invested heavily in upgrades, re-measured the building at 36000 square feet (3,344.5 m²) larger than before, then aggressively re-leased space at higher rates. After two failed transactions, Walton Capital sold the building to investors led by Unico Properties in May, 2000 for US$156 million. Unico re-sold the property to the Alaska Permanent Fund
based on a US$149 million price in August, 2005, but retained a minority ownership share.
. As of 2007 it is tied with 45 Fremont Center
as the twenty-third tallest building in San Francisco. It was certified as being operated and maintained as a green building under the US Green Building Council's Leadership in Energy and Environmental Design for Existing Buildings (LEED EB 2.0) standards in July 2008.
The Consulate-General of Ireland
is in the building.
San Francisco, California
San Francisco , officially the City and County of San Francisco, is the financial, cultural, and transportation center of the San Francisco Bay Area, a region of 7.15 million people which includes San Jose and Oakland...
Financial District. The building is 145 m (475.7 ft) with 33 floors, and 402500 sq ft (37,393.5 m²) of rentable office space
Office Space
Office Space is a 1999 American comedy film satirizing work life in a typical 1990s software company. Written and directed by Mike Judge, it focuses on a handful of individuals fed up with their jobs portrayed by Ron Livingston, Jennifer Aniston, Gary Cole, David Herman, Ajay Naidu, and Diedrich...
, a 150-car garage including 30 valet parking
Valet parking
Valet parking is a parking service offered by some restaurants, stores, and other businesses, particularly in North America. In contrast to "self-parking", where customers find a parking space on their own, customers' vehicles are parked for them by a person called a valet...
spaces.
Completed in 1972 as headquarters of the Continental Insurance Company, the building is among the earlier of San Francisco's modern skyscrapers. By the start of the Dot-com bubble
Dot-com bubble
The dot-com bubble was a speculative bubble covering roughly 1995–2000 during which stock markets in industrialized nations saw their equity value rise rapidly from growth in the more...
the property, then owned by Grosvenor Properties, was outdated and suffered from deferred capital maintenance. In 1997 it was purchased by Walton Capital, which invested heavily in upgrades, re-measured the building at 36000 square feet (3,344.5 m²) larger than before, then aggressively re-leased space at higher rates. After two failed transactions, Walton Capital sold the building to investors led by Unico Properties in May, 2000 for US$156 million. Unico re-sold the property to the Alaska Permanent Fund
Alaska Permanent Fund
The Alaska Permanent Fund is a constitutionally established permanent fund, managed by a semi-independent corporation, established by Alaska in 1976, primarily by the efforts of then Governor Jay Hammond...
based on a US$149 million price in August, 2005, but retained a minority ownership share.
Tenants
The tower houses many daytime office workers. Major tenants include the New York Life Insurance CompanyNew York Life Insurance Company
The New York Life Insurance Company is one of the largest mutual life-insurance companies in the United States, and one of the largest life insurers in the world, with about $287 billion in total assets under management, and more than $15 billion in surplus and AVR...
. As of 2007 it is tied with 45 Fremont Center
45 Fremont Center
45 Fremont Center is a , 34-floor high-rise office building in the Financial District of San Francisco, California between Market Street and Mission Street...
as the twenty-third tallest building in San Francisco. It was certified as being operated and maintained as a green building under the US Green Building Council's Leadership in Energy and Environmental Design for Existing Buildings (LEED EB 2.0) standards in July 2008.
The Consulate-General of Ireland
Diplomatic missions of Ireland
Ireland has diplomatic relations with 161 foreign governments. The Irish government has 74 missions across the world including 55 embassies, 8 multilateral missions and 8 Consulates General and other offices. The country has also appointed 24 Honorary Consuls General and 62 Honorary Consuls...
is in the building.