The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 22, 2018
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Office Portion of San Francisco High-Rise Trades in $110 Mil Transaction

5/22/18

In a $109.8 mil San Francisco investment buy, Swift Real Estate Partners has acquired the 219.7k sf office portion of a 29-story office and residential tower in downtown San Francisco. The transit-oriented, mixed-use property, located at 1390 Market Street in the city’s Civic Center area, has a condo structure, with the office and 920 sf of retail space owned separately from the 443 residential units.

1390 Market Street, formerly known as Fox Plaza, is located at the edge of San Francisco’s Mid-Market area, which has become one of the most desirable neighborhoods for growing technology companies. This location along Market Street is just two blocks from the Civic Center BART/Muni station, providing all major forms of public transit to the San Francisco International Airport, Oakland and the greater Bay Area.

Originally built in 1967, 1390 Market Street was renovated in 2007. The LEED Gold certified building is leased to tenants, including Twitter, Jones Clifford and several branch offices of the City of San Francisco. The property also includes apartments on the top floors of the building, which were not a part of the sale or financing.

The office and retail space covers the first 12 floors of the tower, with the building mechanicals located on the 13th floor. The upper floors – 14 through 29 – contain the 443-unit residential portion, owned by Essex and not part of this transaction.

An HFF team of Michael Leggett, Gerry Rohm, David Dokko, Ben Bullock, Thomas Foley and Austin White represented the buyer and the seller, Broadreach Capital Partners. In addition, HFF’s Jordan Angel and Bercut Smith arranged the $103.61 mil, floating-rate acquisition loan through Brookfield.





Return to the Archive page


 
 


 
 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media