• San Francisco

KBS Owned 201 Spear Street Wins Regional TOBY Award; Major Asset Advances to International Level

201 Spear San Francisco, CA – Photographer Lucas Fladzinski

tobylogo400Back in the News: 201 Spear Street
201 Spear Street an 18-story, 246,563-square-foot Class-A office tower in San Francisco’s South Financial District is in the headlines again. Managed by Cushman & Wakefield, the KBS owned asset has advanced to the international level of competition in the coveted TOBY Awards, which recognizes the Outstanding Building of the Year.

The Bay Area TOBY Award combines the BOMA San Francisco and BOMA Oakland/East Bay members. 201 Spear Street is competing in the 250,000 – 499,999 square foot office building category.

BOMA
Sponsored by BOMA (Building Owners Managers Association), the TOBY Award is the single most prestigious, comprehensive commercial building evaluation program to recognize and honor excellence in office building operations and management. BOMA advances the commercial real estate industry through advocacy, professional development and information exchange.

Earlier this year, 201 Spear was victorious at the local level, where the building competed against two highly regarded properties in the same size category. After taking home the local TOBY, 201 Spear advanced and subsequently won the regional competition, which included competitors from across BOMA’s Pacific Southwest region.

201-Spear-Team-1-1024x683

TOBY Award Winners – 201 Spear Street Management Team: Kevin Leonard, Lobby Director; Alice Smith, Chief Engineer; Jill Vivanco, Property Manager; Annie Bridges, Tenant Services Coordinator

Creme de La Creme
According to Mike Meyer, Director of Asset Services with Cushman & Wakefield, “We are very honored to be recognized with a TOBY award. KBS has invested in world class amenities and systems at 201 Spear, and our team strives to deliver world class service each and every day.”

Section 3 - Competition Photographs, Attachment 6 of 7, Tenant Lounge, Entrants Choice 1

The Judging Process
Throughout the various levels of the competition, all facets of a building’s operations are thoroughly examined during the judging process, including tenant relations programs, community involvement, emergency preparedness & security standards, energy conservation, environmental sustainability, and continuing education for building personnel. Floor plans, site plans and photographs round out the portfolio, providing an extensive examination of the building by the judges.

Section 3 - Competition Photographs, Attachment 4 of 7, Typical Tenant SuiteLevels of Competition
The Toby Awards annual competition consists of three hotly contested levels. The competition begins at the BOMA local association level and winning entries advance from there to the regional level and, finally, regional winners advance to the international level.

“The entire team is thrilled to be moving on to the international level of competition. It’s nice to see when a collaborative and unified group effort, punctuated with hard work is rewarded with a meaningful acknowledgement such as the TOBY Awards,” said Jill Vivanco, 201 Spear Street’s Property Manager.

International Level
The international level is clearly the most celebrated and coveted stage of the entire contest and will be presented at the BOMA International Conference in Washington, D.C. on June 28, 2016.

Section 3 - Competition Photographs, Attachment 3 of 7, LobbyBenefits of The TOBY Award Competition
What are the benefits of applying for and/or winning a TOBY Award? First and foremost, the management staff and ownership can take pride in and exceptional asset and the fact that it is being considered as a player in a major, national and international awards competition. Whether you win a TOBY Award on the local, regional or international level, this level of recognition automatically strengthen a buildings resume, leasing power, online presence and overall competitive advantage.

Team Building: A Common Goal
The application process itself brings together your diverse property management team in pursuit of a common goal and offers a great opportunity for team building. Because the competition touches upon every aspect of building management and operations, each member of the team becomes an important component is an integral part to the success of the competition. Participating in the application and competition process strengthens current programs in place at the building, adding value for the owner.

Need More Information on Commercial Real Estate Asset Management?
Please contact Director of Asset Services Mike Meyes at mike.meyer@cushwake.com

About KBS
KBS Capital Advisors is the external advisor to KBS Real Estate Investment Trusts (REITs), and is an affiliate of KBS Realty Advisors, a private equity real estate company and SEC-registered investment adviser founded in 1992. Since its inception, KBS-affiliated companies have completed transactional activity in excess of $31.5 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and six non-traded REITs. For information, visit www.kbs.com.
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5 thoughts on “KBS Owned 201 Spear Street Wins Regional TOBY Award; Major Asset Advances to International Level

  1. Carolina Aguirre - Design Goddess, Pleasanton CA

    Cool award to get. If I recall the TOBY award is kind of special – especially the international level. Nice going Cushman & Wakefield and KBS!

  2. Margaret Duskin - Executive Director, Cushman & Wakefield San Francisco

    Great Going 201 Spear Management Team!

  3. Scott Kirkpatrick

    A very big accomplishment. Competition is fierce but so is this property management team. An amazing effort by these rock stars.

  4. Derek Daniels - Senior Research Analyst, C&W San Francisco

    I’m impressed. BOMA’s Toby award is a big deal in the CRE industry. Great work and congratulations to the home team.

  5. George Eckard, Executive Director - Capital Markets Group, San Francisco

    Fabulous team work and congratulations to all who work so hard each day to make this asset very special. Bravo to Mike Meyers as well and enjoy basking in the limelight – hopefully the international one!

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