Glenborough’s Foundry Square I Opens Doors in San Francisco Financial District

San Mateo, CA, May 28, 2008: Glenborough, LLC, a San Mateo, CA real estate investment and management company specializing in office properties, is pleased to announce the recent completion of Foundry Square I, a ten-story office tower in San Francisco, CA.

Located at 400 Howard Street, Foundry Square I brings 336,000 square feet of Class A commercial space to downtown San Francisco. It is the third building to open as part of the planned four-building, 1.2 million square foot Foundry Square complex that dominates the intersection of First and Howard Streets in San Francisco’s South of Market Financial District.

Airy open plazas, a dramatic 40-foot stainless steel sculpture and peaceful garden rooftops add to the "active urban" environment of this project that will become the headquarters for Barclay's Global Investors. The “moment frame design” core and shell construction— designed by Studio Architectures and executed by Webcor Builders—applies numerous innovative energy conservation systems including dual-pane glass and underfloor air distribution. Barclays has already leveraged the potential of the building’s stunning glass façade, natural workspace light and eleven-foot floor to ceiling heights to add many high-quality interior finishes and features. Flexible ground floor retail space will attract a variety of service businesses including restaurants and a variety of other financial and business services tenants.

Foundry Square’s prime location adjacent to Transbay Terminal offers easy access to BART transit, the Central Business District and the waterfront and convenient approaches to highways 80, 280 and 101 for the people who drive them.

Foundry Square represents the latest step in Glenborough’s expanding Bay Area profile, which also includes such properties as One Post, 201 California, 33 New Montgomery, 188 Embarcadero and 400 South El Camino Real in San Mateo.