Lincoln Property Company, Colliers International, Biederman Redevelopment Ventures and Pearl Media to Operate and Manage the Transbay Transit Center
The Registry; May 17, 2017
an Francisco (May 15, 2017) – The TJPA has selected a multidisciplinary team led by Lincoln Property Company as the Asset Manager to operate and manage the Transbay Transit Center. The 1.2-million-square-foot, state-of-the-art regional transit facility in downtown San Francisco is scheduled to open in 2018.
The TJPA and Lincoln Property Company signed an asset management agreement on May 8, culminating the agency’s competitive process to select a partner to manage the Transit Center’s public spaces, retail leasing, open space programming, and promotional platform. This team was selected in part for their demonstrated ability to maximize revenues generated by these activities. These revenues will provide ongoing funding to operate and maintain the Transit Center and its many amenities. The Lincoln team will assume full management of the facility in March, 2018.
“The Lincoln team was extremely professional throughout the entire process. In addition to their strong expertise and experience managing large, mixed use facilities, they bring significant experience in, and understanding of, the local market. Making sure that retail and programming at the Transit Center reflect the local character of San Francisco is one of our key goals,” said TJPA Executive Director Mark Zabaneh. “Overall, Lincoln’s vision for creating a high-quality experience for transit riders, local area residents, and other users of the Transit Center set them apart.”