Colliers International Kicks Off Retail Leasing At Salesforce Transit Center
Leasing is underway at the Salesforce Transit Center. Colliers International has begun marketing the 100K SF retail portion of the massive $2B center, formerly known as the Transbay Transit Center. The retail component will incorporate a mix of restaurants and retail with offerings of goods and services at price points accessible and appealing to the diverse population.
Retail spans the ground and second levels of the center and is in Salesforce Park on the roof of the building. The individual spaces available on the first level range from 691 SF to 3,873 SF. On the second level, spaces range from 976 SF to 24K SF. Two spaces are available for 1,320 SF and 9,601 SF at Salesforce Park.
Colliers Executive Vice President Julie Taylor said the plan is to create an amenity-rich pedestrian area with over 30 retailers. The Colliers team will target local and regional businesses that would cater to the needs of mass-transit riders, office workers, tourists and residents who will pass by the facility each day, Taylor said. Taylor’s retail team for the center includes Senior Vice President Erika Elliott and Vice President Ann Natunewicz.
The Salesforce Transit Center is under construction as part of the $6B Transbay Program, which is replacing the former Transbay Terminal at First and Mission streets with a modern regional transit center that will connect eight Bay Area counties and the entire state through 11 transit systems.
The center is slated to open later this year. Phase 1 includes design and construction of the above-grade portion of the transit center, including the 5.4-acre landscaped rooftop park, retail areas and a public art program, among other transportation infrastructure. Phase 2 will include the construction of a rail tunnel and other infrastructure innovations designed to extend Caltrain commuter rail service from its current terminus at Fourth and King to the lower level of the transit center.