| 123 Mission Street | |
|---|---|
 In 2021 | |
  Location within San Francisco | |
| Former names | Pacific Gas & Electric Building |
| General information | |
| Type | Commercial offices |
| Location | 123 Mission Street San Francisco,California |
| Coordinates | 37°47′31″N122°23′40″W / 37.7919°N 122.3945°W /37.7919; -122.3945 |
| Completed | 1986 |
| Owner | Northwood, LLC |
| Height | |
| Roof | 124 m (407 ft) |
| Technical details | |
| Floor count | 29 |
| Floor area | 100,481 m2 (1,081,570 sq ft) |
| Design and construction | |
| Architect | Skidmore, Owings & Merrill |
| Developer | Shorenstein Properties |
| Structural engineer | Skidmore, Owings & Merrill |
| References | |
| [1][2][3] | |
123 Mission Street, sometimes referenced as thePacific Gas & Electric Building, is a 124 m (407 ft) 29 floorskyscraper in the SOMA neighborhood ofSan Francisco,California, completed in 1986. The tower was developed byShorenstein Properties and designed bySkidmore, Owings & Merrill.
In 2018, Northwood Investors of New York bought the building $290 million."[4]
Completed in 1986, the tower was developed byShorenstein Properties and designed bySkidmore, Owings & Merrill.
It was owned by Northwood, LLC, which acquired it for $300 million from the Chinese insurance company,HNA Group in 2018.[5]Juul announced in June 2019 that it had purchased 123 Mission Street, while maintaining an existing space onPier 70.[6] The deal was "one of the largest in San Francisco history for a tech company that doesn't specialize in real estate."[7] The building was worth an estimated $400 million.[8]
In November 2019, Juul laid off 23 employees at its new 123 Mission Street Office[9] and was considering selling the building, which it had acquired for $397 million.[10]
As of May 2023, during what theSan Francisco Chronicle described as "Downtown San Francisco['s] worst office vacancy crisis on record," 123 Mission Street had a vacancy rate of 89.9%.[11]
The tower is 28 stories, with 363,000 square feet of real estate.[4]
