50 Beale Street facts for kids

50 Beale Street is a tall office building located in San Francisco, California. It stands 328 feet (about 100 meters) high and has 23 floors. This impressive building is found in the city's Financial District, San Francisco, between Market Street and Mission Street. It's even on the list of tallest buildings in San Francisco, showing how important it is to the city's skyline.

History of 50 Beale Street

This building was finished in 1967. For many years, it was the main office for a big company called Bechtel. Bechtel is a global engineering and construction company. Later, Bechtel moved its main office to Reston, Virginia.

New Names for the Building

After Bechtel moved, another company, Blue Shield of California, made 50 Beale Street its headquarters. Blue Shield of California is a health insurance company. They were based there from 1996 to 2018. In 2006, Blue Shield renewed their lease. This also meant they got the right to name the building. Because of this, the building was known by different names over time. It was first called the Bechtel Building. Later, it became known as the Blue Shield of California Building.

Who Owns the Building?

The ownership of 50 Beale Street has changed a few times. In 2007, a company called Broadway Partners bought the building. Then, in 2012, two other companies, The Rockefeller Group and Mitsubishi Estate New York, bought it together. Finally, in September 2014, Paramount Group, Inc. purchased the building for about $395 million.

Companies at 50 Beale Street

Many different companies have had offices in 50 Beale Street over the years. Here are some of the well-known tenants:

• Bechtel
• Blue Shield of California
• Instacart
• VerticalResponse
• Zenefits
• San Francisco Health Authority