Firm’s Power Trio Continues to Transform San Francisco’s Retail Landscape
SAN FRANCISCO, CA – Cypress Equities announced today that Cushman & Wakefield has been named the exclusive leasing agent for 6X6, a bold new development encompassing more than one third of the block between 5th and 6th Streets, in the heart of San Francisco’s Mid-Market retail corridor.
Led by Vice Chairman, Kazuko Morgan and Senior Managing Directors, Pamela Mendelsohn, and Vikki Johnson, the Cushman & Wakefield team is spearheading commercial leasing of 6X6, the largest retail development in San Francisco since the Westfield San Francisco Centre.
6X6 comprises more than 250,000 square feet of multi-level retail over six levels, with a stunning glass exterior. Strategically located where Union Square, the convention center, and the hotel and theater districts all converge, this unique urban project offers expansive floor plates, crowned by an extraordinary upper level with an inside terrace featuring glorious city views.
Construction of 6X6 is on track to be completed by year end 2016 with a Grand Opening of Holiday 2017. 6X6 is the latest development by Cypress Equities.
“With this significant project it is important that we have an experienced team in place to secure the best-fit tenants,” said Chris Maguire, CEO of Cypress Equities. “Cushman & Wakefield’s retail experts will lead the effort to secure dining and retail operators that will be a contemporary fit for the location, and will enhance the ambient experience for visitors,” Mr. Maguire said.
The dynamic trio — Mendelsohn, Johnson and Morgan — have been largely responsible for positioning a majority of the international retail brands within the Union Square shopping district, as well as for reshaping many of the neighborhood streets throughout the city.
“The Cushman & Wakefield Retail Team is delighted to be an integral part of 6X6, which will have a positive economic impact of downtown San Francisco,” Ms. Morgan said.
The timing of 6X6 comes at a critical time where San Francisco is fueled with energy, experiencing record tourism and local growth in the economy, and witnessing a significant tech boom.
“The stretch of real estate on Market Street anchored between the Ferry Building and Twitter is fast becoming noticed for its development potential with the likes of Uber, Twitter and King’s Lane all having offices there,” Ms. Morgan said.
Ms. Mendelsohn brings her design ingenuity and unique and inscrutable eye for fashion to secure tenants that are drawn to the rich social fabric that is rapidly becoming a mainstay in Mid-Market.
“6X6 will appeal to a younger demographic who seek out edgier and state of the art brands,” said Pamela Mendelsohn, Senior Managing Director, Cushman & Wakefield.
“It is so exciting to walk into this extraordinary complex and view it from the inside-out,” said Vikki Johnson, Senior Managing Director, Cushman & Wakefield. “This will be the first modern retail venue to provide large format retailers a presence in a tight urban environment while still meeting their operational needs. We want to bring new to market concepts, and brands without any limitations of viability – and continue the further resurgence of the Market Street corridor. I am thrilled to see it all come to fruition,” she said.
The new team includ es Steelblue and Savage Bureau, the local talented image makers who have incorporated cutting edge visual marketing and branding to showcase the development.
About Cypress Equities
Cypress Equities was founded in 1995 and since that time has established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties in the U.S. and abroad. Cypress operates on a vertically integrated operator platform with core competencies in acquisitions, development, asset management, leasing, property operations, legal and finance. Since its inception, Cypress Equities companies have been actively involved in over 200 real estate investments, valued at more than $4 billion, including over $1 billion of total invested equity. The Cypress project portfolio has consisted of commercial development, investment, and sale-leaseback transactions, and includ es more than 20 million square feet of retail, office, residential, automotive and industrial real estate. Today there are seven Cypress Equities offices throughout the United States, including Dallas (headquarters), Chicago, New York, San Francisco, Atlanta, Phoenix and Fort Lauderdale. To learn more, visit www.cypressequities.com.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.