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40 JESSIE STREET
49,560 SF, six-story office and R&D building with approximately 60% purpose-built laboratory infrastructure
Located in San Francisco's South Financial District, one block from Salesforce Tower and minutes from Montgomery Street BART
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1754's first office acquisition and first investment in San Francisco
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Positioned to benefit from San Francisco's AI-driven office leasing recovery
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Lease term aligned with tightening market vacancy and anticipated rent growth
100% leased to Google through December 2030; occupied by Google and its predecessor affiliate since 2016
Acquired October 2026:
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Joint venture with Vander Capital Partners
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Executed through 1754's co-GP investment program
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