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February 04, 2011

GCL-Poly Energy moves its HQ to One Market

San Francisco Business Times

GCL-Poly Energy Holdings Ltd. is moving its North American headquarters to One Market St. in San Francisco.

The producer of polysilicon and wafers used in the production of solar panels has leased 14,700 square feet on the 18th floor of the Steuart Tower. The Chinese solar company opened its San Francisco office last year, leasing temporary space at 4 Embarcadero Center.

The lease was brokered by Kidder Mathews' Eric Bluestein, Tim Mason and Skip Whitney.

The five-year deal is a sublease from the Capital Group, according to Bluestein.

"They just took advantage of a slow market. Not only were they able to get high-end space with a amazing views in a landmark building, they were able to get it at a fantastic value as well," said Bluestein.

The space features marble floors, built-in cabinetwork, and top-notch furnishings that go "way beyond standard finishes," said Bluestein.

Tim Kazul and Jon Wittemyer of CB Richard Ellis represented the sublessor.

GCL-Poly, which was attracted to San Francisco through the city's ChinaSF office, is one of several Chinese solar firms that has located in San Francisco in recent years. Panel manufacturers, including Trina Solar, Yingli Green Energy America, Suntech America and UpSolar, also have U.S. headquarters in San Francisco.

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