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.