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29 June 2015 - San Francisco

Pembroke Real Estate Announces NRG Lease Agreement and Fidelity Investments Commitment at the New 100 California Street

Pembroke Real Estate today announced NRG Energy, Inc. will become a tenant at 100 California Street leasing 51,530 square feet. Fidelity …

Pembroke Real Estate today announced NRG Energy, Inc. will become a tenant at 100 California Street leasing 51,530 square feet. Fidelity Investments has also committed to lease 31,921 square feet, taking a floor and a half at the property. With these two lease commitments, 100 California Street is now more than 90% leased.

Pembroke Real Estate today announced NRG Energy, Inc. will become a tenant at 100 California Street leasing 51,530 square feet. Fidelity Investments has also committed to lease 31,921 square feet, taking a floor and a half at the property. With these two lease commitments, 100 California Street is now more than 90% leased.

Currently a subtenant at 100 California Street, NRG Energy, Inc., a Fortune 200 company, is leading customer-driven change in the U.S. energy industry by delivering cleaner and smarter energy choices, while building on the strength of the nation’s largest and most diverse competitive power portfolio. The company provides reliable and efficient conventional generation and drives innovation in solar and renewable power, electric vehicle ecosystems, carbon capture technology and customer-centric energy solutions.

Fidelity Investments is a multinational financial services corporation and one of the largest mutual fund and financial services groups in the world. Fidelity’s goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. The firm helps over 24 million people invest their own life savings, assists nearly 20,000 businesses to manage their employee benefit programs and provides nearly 10,000 advisory firms with technology solutions to invest their own clients’ money. FMR LLC is the parent company for both Fidelity and Pembroke.

We are thrilled that NRG has decided to expand its relationship with us at 100 California Street and to welcome Fidelity to the property

said David Lucey, senior vice president and head of U.S. operations for Pembroke Real Estate.

We have a new management team in place, upgrade work underway, and construction beginning on our new lobby and amenity enhancements in the coming months – 100 California is being transformed into a premium headquarters property for forward looking companies like NRG and Fidelity

100 California Street is a classic mid-century modern building revitalized for the needs of today’s businesses and creative culture. The 288,000 sf property is comprised of 15 floors with flexible 20,000 sf floor plates and ground floor retail in a landmark location. The property is ideally situated in the heart of San Francisco at the intersection of California and Davis Streets, one block from Market Street and all public transportation, across from the Embarcadero Center, and a short walk from the Ferry Building. The freestanding building, with a corner location and high ceilings, benefits from abundant natural light and an efficient, open plan that can meet the diverse needs of today’s businesses. 100 California Street is currently home to technology, insurance, engineering and communications firms.Focused on enhancing long-term value, Pembroke acquired 100 California Street in September 2014 at 83% leased and is positioning it as a premier Class A office property through significant enhancement work and a committed long-term ownership strategy.

Bill Cumbelich, Daphne Spieker, and Patrick Devinger of CBRE represented Pembroke Real Estate. Mark Anderson of Cushman & Wakefield represented NRG Energy, Inc., and Tom Poggi and Tim Kazul of CBRE represented Fidelity.

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Pembroke
255 State Street
Boston, MA 02109

phone: +1 617 563 3100
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Pembroke
1 Carey Lane
London, EC2V 8AE, United Kingdom

phone: +44 20 7961 4625
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Pembroke
Maximilianstraße 15a
80539, Munich


phone: +49 893 803 7536
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Mäster Samuelsgatan 20
Box 7677 SE-103 95
Stockholm, Sweden

phone: +46 8505 00 300
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Pembroke
Level 9, 20 Martin Place
Sydney NSW 2000

phone: +61 2 9026 0333
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Pembroke
Tri-Seven Roppongi 6F
Roppongi 7-7-7,
Minato-ku
Tokyo, 106-0032

phone: +81 3 5770 3260
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Pembroke
1201 New York Avenue NW
Washington, DC 20005

phone: +1 617 563 3100