In a significant transaction highlighting the enduring appeal of San Francisco’s Financial District, JLL has successfully arranged a $350 million refinancing for 225 Bush Street. This iconic, Class A office building, a cornerstone of the city’s skyline, boasts 580,000 square feet of premium commercial space. The financing deal, secured on behalf of the owner Kylli, Inc., was provided through Deutsche Bank as a fixed-rate loan.
Originally constructed in 1922 as the Standard Oil Building, 225 Bush Street is a testament to architectural grandeur and historical significance. Designed by the renowned George W. Kelham for John D. Rockefeller, this 22-story office tower once held the distinction of being San Francisco’s tallest building. Its legacy as a premier business address continues today, as it stands fully leased to 31 diverse tenants. These companies represent a broad spectrum of high-growth sectors, including technology, media, business services, consulting, and finance, demonstrating the building’s sustained attractiveness to leading industries.
Strategically positioned at the intersection of Sansome and Bush Streets, 225 Bush Street offers unparalleled access to San Francisco’s most dynamic neighborhoods. The Financial District, South of Market (SOMA), Union Square, and Jackson Square are all within easy reach, making it a highly desirable location for businesses seeking a central and connected base. Furthermore, the building benefits from exceptional connectivity to major public transportation hubs. These include the Transbay Transit Center and Park, the Ferry Terminal, and the Montgomery and Embarcadero BART stations, ensuring convenient commutes for employees and clients alike.
The JLL Capital Markets team, led by Managing Director Jordan Angel, with support from Analysts Taylor Gimian and Andie Fezell, represented Kylli, Inc. in this key refinancing endeavor. Angel emphasized the strength and resilience of the San Francisco office market, citing JLL Research. “San Francisco consistently ranks as a top-tier market nationwide, outperforming many cities in crucial areas such as investor interest, financing availability, and the overall robustness of the local economy,” Angel stated. He further noted the positive market outlook, adding, “With tenant demand persistently exceeding available space, we anticipate continued tightening of market fundamentals.” This deal for 225 Bush Street underscores the ongoing confidence in San Francisco’s commercial real estate sector.
JLL Capital Markets delivers comprehensive capital solutions for real estate investors and occupiers on a global scale. Their expertise spans investment advisory, debt and equity placement, and recapitalization strategies. With a worldwide network of over 3,700 specialists operating from nearly 50 countries, JLL provides clients with best-in-class service, leveraging deep local market insights and extensive global investor connections. For further information about JLL and their services, please visit jll.com.
Kylli, Inc., the owner of 225 Bush Street, is a prominent real estate investment management firm focused on acquiring, developing, and managing high-quality assets in the San Francisco Bay Area. With a commitment to sustainability, design excellence, and quality, Kylli manages a significant portfolio in California, including over 500,000 sq. ft. of office space in San Francisco. Their dedication to creating spaces that meet and exceed user expectations aligns perfectly with the prestige and enduring appeal of 225 Bush Street.
