Member Press Release

Office Building in SOMA Once Entirely Leased by WeWork Sells to Taipei Economic and Cultural Office (TECO) For $52.8 Million

In January Starboard CRE closed 22 deals and had the best month ever in the 32-year history of their company, which included the sale of 345-4th Street in San Francisco. 


Brookwood Starboard CRE, a strategic real estate advisory, brokerage & development firm in San Francisco, announced the sale of 345 4th Street.

The newly constructed 7-story office building is located in San Francisco’s SOMA district near Moscone Center and was previously entirely leased by WeWork. The building consists of 56,000 square feet of office space atop grade level retail, includes four sides of natural light, office-level balconies, and a large, landscaped rooftop terrace that boasts dramatic views of the downtown skyline. The deal was facilitated by Brookwood Starboard broker, Barry R. Bram, who represented the seller from Southern California, also the developer of the building.

“The property is conveniently located one block from the new central subway extension, and highway 80 which easily accesses the east bay and SFO, while also just three blocks from BART, making it readily accessible from all points around the Bay,” said Barry.

Taipei Economic and Cultural Office (TECO) purchased the property for $52.8 million and will occupy the entire building. TECO is relocating from a nearby address at 555 Montgomery Street that currently houses its San Francisco office. TECO in San Francisco is one of thirteen representative offices for the Republic of China on Taiwan in the United States.

The deal closed in early January, in the midst of widespread Bay Area tech layoffs, where vacancy levels continue to reach new highs, and transaction velocity and rental rates have hit their lowest levels in over a decade.

“While the San Francisco office market has seen much better days, there are still buyers with office space needs who seek to purchase the right property for their long-term use and investment” explained Barry. “A key characteristic of Brookwood Starboard CRE’s approach is to be flexible, creative and nimble allowing us to capture our client’s goals and connect them with solutions, often times not obvious.”   

To learn more about Brookwood Starboard CRE, visit