Paramount Executes 265,000 Square Foot Lease Expansion with First Republic Bank at One Front Street
Paramount Group, Inc. (PGRE)
Last paramount group, inc. earnings: 4/29 04:15 pm
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ir.paramount-group.com
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced that it has signed a 265,000 square foot lease expansion with First Republic Bank (“First Republic”) at One Front Street, a 38-story trophy office tower located on the corner of Front and Market Streets in San Francisco. The lease expansion will increase First Republic’s footprint at One Front Street to approximately 515,000 square feet, or 80.0% of the building’s total square footage. Subsequent to the execution of this lease, One Front Street, which was 92.0% leased at March 31, 2019, is now 100.0% leased. “We are thrilled that First Republic has elected to expand its footprint at One Front Street. As a growing financial services provider, First Republic’s choice to further expand in One Front Street reflects the desirability of the building’s location, efficient floorplates and exceptional vie
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