123 Mission Street
Commercial offices in San Francisco, California
From Wikipedia, the free encyclopedia
123 Mission Street, sometimes referenced as the Pacific Gas & Electric Building, is a 124 m (407 ft) 29 floor skyscraper in the SOMA neighborhood of San Francisco, California, completed in 1986. The tower was developed by Shorenstein Properties and designed by Skidmore, Owings & Merrill.
San Francisco, California
| 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 | 37.7919°N 122.3945°W |
| 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] | |
In 2018, Northwood Investors of New York bought the building $290 million."[4]
History
Completed in 1986, the tower was developed by Shorenstein Properties and designed by Skidmore, 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 on Pier 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 the San 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]
As of March 2026, Madison Capital is talks to purchase the building.[12]
Features
The tower is 28 stories, with 363,000 square feet of real estate.[4]
