Good Karma Coming to Phelan
We cracked the case on the tenant destined for 760 Market: Credit Karma (we'd say they count as one of those good credit tenants landlords love). This week we reported about a mystery LOI for two floors at the iconic 11-story Phelan Building at the junction of Market and O'Farrell streets and Grant Avenue. The Flatiron-style property sits across from the Four Seasons Hotel in the heart of Union Square.
It's unclear exactly how much space the credit score giant will take, but there's been 31k SF available with 90 prime feet of frontage on Market Street, according to the building's leasing page. The owner is Thor Equities, a big Manhattan player that also locally owns 152 Geary. Credit Karma occupies 18k SF across two floors at 115 Sansome (above).
