50 Beale Street

50 Beale Street is a 328 ft (100 m), 23-floor high-rise office building in the Financial District, San Francisco between Market Street and Mission Street. It is on the list of tallest buildings in San Francisco.

50 Beale Street
50 Beale Street
Location within San Francisco
50 Beale Street
50 Beale Street (California)
50 Beale Street
50 Beale Street (the United States)
Former namesBechtel Building
Blue Shield of California Building
General information
TypeCommercial offices
Location50 Beale Street
San Francisco, California
Coordinates37.7912°N 122.3965°W / 37.7912; -122.3965
Completed1967
OwnerParamount Group, Inc.
Height
Roof328 ft (100 m)
Technical details
Floor count23
Floor area730,136 sq ft (67,831.9 m2)
Design and construction
ArchitectSkidmore, Owings & Merrill
References
[1][2]

Completed in 1967, the building served as the world headquarters for Bechtel before the company moved to Reston, Virginia.[3] The building has also served as headquarters for Blue Shield of California between 1996 and 2018.[4] In 2006, Blue Shield renewed its lease and acquired naming rights to the building. The building has formerly been known as the Bechtel Building and subsequently the Blue Shield of California Building.[5]

Broadway Partners acquired the building in 2007.[6] A joint venture of The Rockefeller Group and Mitsubishi Estate New York acquired the building in September 2012.[7] The building was sold to Paramount Group, Inc. for approximately US$395 million in September 2014.[8]

Tenants

See also

References
  1. 50 Beale Street at Emporis
  2. "50 Beale Street". SkyscraperPage.
  3. Gregg, Aaron (June 7, 2018). "Bechtel to move headquarters to Reston after more than a century in San Francisco, bringing 150 jobs". The Washington Post.
  4. Li, Roland (March 8, 2017). "Blue Shield to move headquarters from San Francisco to Oakland with massive lease". American City Business Journals.
  5. "50 Beale Street to be Renamed Blue Shield of California Building" (Press release). Blue Shield of California. September 28, 2006.
  6. Dineen, J.K. (March 8, 2007). "Broadway Real Estate buys South San Francisco building for $66 million". American City Business Journals.
  7. "Rockefeller JV Acquires San Francisco's 50 Beale St". Commercial Property Executive. September 14, 2012. Archived from the original on September 12, 2014. Retrieved June 27, 2014.
  8. "The Rockefeller Group Sells 50 Beale for $395MM" (Press release). The Registry. September 10, 2014.
  9. "Scoop: Instacart grabs big helping of S.F. office space off the shelves - San Francisco Business Times". Retrieved 2019-04-19.
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