Australia’s Coco Republic to make U.S. debut in former Crate & Barrel space in Union Square

Aussie furnishings firm to pick up 53K sf in National Center Building

San Francisco /
May.May 19, 2022 10:04 AM
Coco Republic's Anthony Spon-Smith with 55 Stockton St (LinkedIn, Loopnet)
Coco Republic’s Anthony Spon-Smith with 55 Stockton St (LinkedIn, Loopnet)

A furniture company from Down Under will soon make its first U.S. appearance in San Francisco’s Union Square.

Coco Republic, a home furnishings firm based in Australia, has leased 53,000 square feet in the National Center Building at 55 Stockton St., the San Francisco Business Times reported.

The company will take over the basement through the third floors in a space formerly occupied by Crate & Barrel, which vacated the building in March.

Coco Republic, which has 14 stores in Australia and New Zealand, expects to open its first store in the U.S. this summer.

The 130,000-square-foot, mixed-use National Center Building, constructed in 1988, is owned by Zaber Corp., according to the Business Times. It’s led by director and Chief Financial Officer Stephen Mong, a founder and managing director of Orien Capital Management, a hedge fund based in New York.

Cushman & Wakefield Executive Vice Chairman Kazuko Morgan represented both the landlord and the tenant in the deal. Terms of the lease were not disclosed.

Furnishings from family-owned Coco Republic were once sold through furniture retailer H.D. Buttercup, based in Los Angeles.

In October, Los Angeles-based Story3 Capital Partners gained a majority stake in both retailers, positioning the Australian brand for global expansion.

“Coco Republic’s luxury style, product quality and design services fill a void for affluent and aspiring younger, more contemporary consumers,” Story3 Managing Partner Peter Comisar said in a statement.

The Coco Republic lease follows recent retail debuts around the city, including the Union Square launch of luxury French jeweler Van Cleef & Arpels and the opening of an 80,000-square-foot RH design gallery near Pier 70 in the Dogpatch.

Earlier this year, Union Square also saw a $63-million frontage building acquisition from Chanel, while Yves Saint Laurent leased space for a 12,300-square-foot flagship store on Grant Avenue.

Saatva, an e-commerce mattress company, opened its first West Coast store in March at a 6,000-square-foot shop on Post Street. Other home furnishing stores from H.D. Buttercup, Design Within Reach and Terra Outdoor Living might also be in the works.

On the downside, DSW pulled up stakes from Union Square late last year after nearly a decade of doing business in San Francisco.

[San Francisco Business Times] – Dana Bartholomew





    Related Articles

    arrow_forward_ios
    Bradley Blake and Brad Griggs with 115 Town and Country Drive (Blake Griggs Properties, Google Maps)
    Mixed bag of factors in $304 psf price on East Bay retail
    Mixed bag of factors in $304 psf price on East Bay retail
    Kaiser Permanente's Greg Adams and 1600 Technology Drive in San Jose (American Heart Association, Google Maps)
    Kaiser might convert 200K sf office in North SJ to medical use
    Kaiser might convert 200K sf office in North SJ to medical use
    George Shultz and 999 Green St, San Francisco (Compass, iStock, U.S. Department of State/Public domain/via Wikimedia Commons)
    Eichler-designed George Shultz penthouses go into contract at record last ask
    Eichler-designed George Shultz penthouses go into contract at record last ask
    Rendering of new stadium project at Howard Terminal, Port of Oakland with Oakland A's president Dave Kaval (BKF Engineers, GSB.Stanford.edu)
    Oakland A’s $12B ballpark development plan wins key agency vote
    Oakland A’s $12B ballpark development plan wins key agency vote
    From left: Veev's Amit Haller, Ami Avrahami, and Dafna Akiva with 2701 West Winton Ave
    Amazon offloads 507K sf lease in East Bay
    Amazon offloads 507K sf lease in East Bay
    Wells Fargo ceo Charles W. Sharf and the Office tower at 550 California Street in San Francisco (Wells Fargo, Google Maps)
    Wells Fargo puts 335K sf tower up for sale in SF
    Wells Fargo puts 335K sf tower up for sale in SF
    Shoe Palace CEO George Mersho with 745 Jarvis Drive (LinkedIn, CoStar)
    Shoe Palace shifts HQ from left to right foot in Morgan Hill
    Shoe Palace shifts HQ from left to right foot in Morgan Hill
    6001 Bollinger Canyon Road and Chevron’s Michael Wirth (Google Maps, Getty)
    Is Bishop Ranch the right size for downsized Chevron footprint in East Bay?
    Is Bishop Ranch the right size for downsized Chevron footprint in East Bay?
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...