SAN FRANCISCO, May 14, 2018 – Clint Reilly Landmark Properties announced today that it has completed a lease transaction for 15,264 square feet of the Merchants Exchange to Pearl Law Group. Pearl will occupy the entire seventh floor of the iconic Financial District building over a seven-year term.
“Pearl is a great fit for the space and we’re excited to welcome them to the Merchants Exchange,” said Phil Spiegel, executive vice president of the Clint Reilly Organization. “With Mendocino Farms set to open in our California Street storefront in August, this full-floor deal demonstrates our velocity in the market.”
Founded in 1995 with the former head of the US Immigration Service, Pearl Law Group has one of the largest global immigration practices in the country. A leader in technology-enabled approaches to customer care, it is the nation’s only firm to win major awards for Global Immigration, Innovation and Pro Bono Service. Pearl provides a full range of immigration services, from work permits and permanent residence to immigration program oversight, employment eligibility and business traveler compliance. Julie Pearl, the firm’s founder and CEO, is ranked by Chambers & Partners as one of top two “Eminent Practitioners” in immigration law in the USA.
“As soon as we walked into the building, we all knew that 465 California was the best place we’d seen,” noted PLG’s Managing Partner Sameer Khedekar. “Apart from the beautiful lobby, there’s a business-friendly energy to 465, partly due to the various functions of the iconic Julia Morgan Ballroom. The dining options in the building are a draw for professional functions.” Added CEO Julie Pearl, “Our team appreciates the structure of our floor: high ceilings and light/windows in both the center and the exterior spaces. The building management and ownership have impressed us, as well – unstuffy and smart, which is probably why their tenants stay for such long tenures.”
The PLG deal, brokered by Mark Rosen for PLG and Avison Young’s Kelly Glass and David Linsmayer for Clint Reilly Landmark Properties, leaves the 15,500 square foot 11th floor as the only vacant space in the Merchants Exchange, which boasts a diverse tenant roster including organizations from Spotify and the Asia Foundation to the Bay Area Sports Hall of Fame and Chairish.
About Clint Reilly Landmark Properties
Clint Reilly Landmark Properties is a privately held, full-service real estate development, investment and management firm based in San Francisco. Founded in 1995 by Chairman Clint Reilly, the company acquires and manages a carefully curated portfolio of office, hospitality and mixed-use properties. Key San Francisco assets include the Merchants Exchange (465 California St.), the Little Fox Theater (535 Pacific Ave.), Leidesdorff Place (340 Pine St.) and the Credo Building (360 Pine St.).