December 4th, 2009
Babcock & Brown Aircraft Subleases 28,730 SF
The CoStar Group
By Ryan Munneke
November 30th, 2009
Babcock & Brown Aircraft Management LLC subleased 28,730 square feet at 525 Market St. in San Francisco.
The commercial jet fleet management company will move in before the end of the year. Babcock subleased the Oracle space for $17 per square foot with two months free through October 2011.
Knickerbocker Properties Inc. XXI owns the First Market Tower, a 39-story, 1.08 million-square-foot office building at 525 Market St.
Mike McCandless, Steve Barker and Aaron Wright of Studley represented the tenant. Michael McCarthy, Michael Monroe and Brian McCarthy of Colliers International represented the sublessor.
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