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August 21, 2017
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San Francisco Office Tower Trades for $185 Mil

3/30/17

An unidentified Asian investor has purchased 150 Spear Street, a Class A, 264.5k sf office Tower in San Francisco’s South Financial District, for $185 mil, or $700/sf. The 18-story high-rise was sold by Principal Real Estate Investors.

The property is is located between Mission and Howard Streets, along the popular Spear Street Corridor. It is steps from the future Transbay Terminal, Market Street, and the Embarcadero Waterfront.

150 Spear Street is 91% leased to a diverse and nationally recognized tenant roster. The surrounding area is home to numerous Fortune 500 companies and some of San Francisco’s largest and most important employers.

The sale was handled by Cushman & Wakefield’s Northern California Capital Markets Group. The sales team included Seth Siegel, Adam Lasoff, Steve Hermann and Ryan Venezia.





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