Gensler Leases 45 KSF at San Francisco Landmark

The Mills Building. Image courtesy of The Swig Co.

Gensler has signed a new long-term lease with The Swig Co. for 45,500 square feet at The Mills Building in San Francisco.

The building is both WELL Health-Safety and LEED Platinum certified, managing to achieve high performance in energy efficiency, indoor environmental quality and sustainable site development.

Gensler is planning to renovate the 45,000-square-foot, second-floor space to run on all-electric utilities and support the company’s carbon zero goal by 2030.

Historic landmark

Darius Ogden Mills constructed the Mills Building in the 1890s. The last addition was the 22-story Mills Tower, which was completed in 1932. The property is a San Francisco landmark with historical and architectural interest and the city’s only remaining example of the Chicago School of Architecture style. After the 1906 earthquake, architect Willis Polk oversaw the restoration of the building, maintaining the original design.

The Swig Co. acquired the Class A office asset in 1954 and completely renovated it in 2003. The building totals 439,000 square feet and features a wellness room, 10-foot operable windows, on-site parking, a conference center, security and storage.

In 2014, the property became subject to a $70 million, 42-year loan originated by Voya Financial, according to CommercialEdge data.

Located at 220 Montgomery St., the property sits on a 1.1-acre site in the Financial District. There’s an abundance of dining options, retail spaces and entertainment venues in the area. Interstate 80 is within 1.5 miles of the site.

In another recent move, the Swig Co. acquired a 96,058-square-foot office property in Santa Monica, Calif. The LEED Silver certified building was the company’s first acquisition in Santa Monica, and is slated for upgrades.