CBRE to Market Landmark San Francisco Centre & Emporium

CBRE’s Capital Markets team in San Francisco has been selected to market San Francisco Centre & Emporium, a landmark mixed-use property located at the intersection of Market, Mission and Fifth Streets in downtown San Francisco.

The offering includes the fee simple and partial leasehold interests in the 1.2 million-square-foot property, which spans 5.9 acres and features flagship retail, modern office space, movie theatres, conferencing facilities and structured storage. The site offers direct subterranean access to BART and is situated along the iconic Powell Street Cable Car line.

Originally developed in 1988 by retail visionary Sheldon Gordon, the property’s most recent expansion introduced the nation’s largest Nordstrom, a destination that helped define San Francisco’s retail core for more than three decades. The Emporium Building, reconstructed in 1908 following the 1906 earthquake, remains one of the city’s most recognized architectural landmarks.

Currently 9% leased, San Francisco Centre & Emporium represents a rare opportunity to reposition or redevelop one of the most significant urban properties in the United States. Investors and developers can transform the existing structure or pursue a new mixed-use vision within the existing 400-foot height limit.

“Amid renewed civic leadership, three consecutive years of positive population growth and surging demand from artificial intelligence and technology firms, San Francisco Centre & Emporium is uniquely positioned to anchor the next chapter in downtown San Francisco’s recovery,” said Kyle Kovac, executive vice president of CBRE’s Capital Markets team in San Francisco.

Kyle Kovac and Mike Taquino are leading the sales assignment on behalf of the owner along with Kurt Altvater and Kati Thabit.