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April 19, 2019
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Alexandria Real Estate Equities Makes $66 Mil Office Buy in San Francisco

4/04/19

Alexandria Real Estate Equities, out of Pasadena, has acquired a 66.7k sf office building in San Francisco in a $66 mil ($990/sf) transaction. The property is located at at 260 Townshend St, less than a block away from the King Street Caltrain station

The property was sold by LA-based CIM Group, who had paid $24 mil for the building in 2006. The seller in that transaction was Swinerton Builders, which remains a tenant.

Constructed in 1986, the seven-story building was later renovated and certified LEED-ED Gold. The property includes an attached 75-stall parking garage. Battery Ventures is another tenant at the property.

Newmark Knight Frank repped the seller in the deal.




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