Pembroke announces NRG lease agreement & Fidelity Investments Commitment at 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.
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.
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.
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