Centennial Towers No Longer (Totally) Empty

Centennial Towers has signed its first tenant after sitting vacant for three years.

Centennial Towers, the gleaming 325,000-square foot office building at the base of San Bruno Mountain, has signed its first tenant after sitting vacant since its completion in 2009.

SuccessFactors, part of software maker SP, will relocate from San Mateo to South San Francisco by the end of the year to occupy three floors, or 90,000 square feet, of the building, according to the San Francisco Business Times. The company's lease also gives it the option to occupy two more floors.

Centennial Towers was meant to be a signature development for the city, consisting of two iconic towers. It initially looked like Sony was interested in leasing the South Tower, .

Developer Jack Myers delayed construction on the second tower while focusing on getting the first building filled. He told the Business Times he expects to sign more tenants in the next few months.

SuccessFactors may have benefited from South San Francisco's vacancy rate, which is higher than the rest of the Peninsula. Rents for office space are about $46 a square foot throughout the Peninsula but only $36 a square foot in South San Francisco, according to the Business Times.

Tess April 20, 2012 at 02:44 AM
This sounds like the parking structure fiasco - and ironically I call THAT structure "The Tower". But - glad that Mr. Myer is finally getting some rent money, which in turn will mean good tax revenue for our little city - that is unless the City Council again did not do their homework (as in the parking structure) and - we - the SSF taxpayers - do not benefit from losing our beautiful, wide-open San Bruno mountain. Being the optimist that I am - I say "Welcome SuccessFactors"!! Hope you know we have two of the Bay Area's BEST sandwich shops in town (Darby Dan's and Little Lucca's) and some of the lowest rents in the Peninsula! We also have cheap gardeners and super good Taco trucks! Just truthfully advocating for my little city.
Tess April 20, 2012 at 02:49 AM
Mr. Myer - Fortgot to mention - your building truly is quiet striking. A tour of the inside would be worthy of a couple of bucks - and yes, I would be willing to pay it just to see the inside of your iconic structure - a bit o cheese and a glass of wine to make it flow .... Not to sound snarly, but the second tower - that isn't going to happen soon I take it?
rushro April 20, 2012 at 05:20 PM
I agree that a tour or some kind of open house event would be very interesting. I'd go for sure. It's a beautiful building and I hope that the second tower gets built someday.
Austin Choi April 25, 2012 at 04:03 AM
This is great news. But I think the focus should be on filling up the first tower before worrying about building the 2nd.


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