Market Center (San Francisco)

Market Center
555 Market (left) and 575 Market (right)
Former names	Standard Oil Buildings
Alternative names	Chevron Towers
General information
Type	Commercial offices
Location	555–575 Market Street San Francisco, California
Coordinates
Completed	1964 / 1975
Owner	Manulife Real Estate
Height
Roof	94.79 m (311.0 ft) 174.65 m (573.0 ft)
Technical details
Floor count	22 / 40
Floor area	283,000 sq ft (26,300 m2) 487,000 sq ft (45,200 m2)
Design and construction
Architect	Hertzka & Knowles
Structural engineer	H.J. Brunnier Associates
References

Market Center, formerly known as the Standard Oil Buildings and later the Chevron Towers, is a complex comprising two skyscrapers at 555–575 Market Street in the Financial District of downtown San Francisco, California. It served as the headquarters of the Chevron Corporation until 2001.

575 Market Street is a 40-story, 175 m (574 ft) building completed in 1975, the taller of the two towers. 555 Market Street is the shorter tower at 95 m (312 ft) with 22 stories, and was completed in 1964. The two buildings are surrounded by small ornamental plazas. Both buildings are terra cotta over a granite base.

History

Chevron occupied the Market Center complex from 1965 until 2001 when it moved its headquarters to its campus in San Ramon, California. In 1999, Chevron sold the two buildings to Tishman Speyer and Travelers Real Estate Ventures for US$189.1 million and leased back the office space.

At the time the company officially moved its headquarters, it had already moved most workers to San Ramon, leaving only about 200 employees in San Francisco. By 2003, the complex was 83 percent vacant, and a joint venture between DivcoWest Properties and RREEF bought the property for US$79.5 million. In 2010, RREEF sold the complex to Manulife Financial for US$267 million.

See also

• List of tallest buildings in San Francisco

External links

• Official website