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5/05/22
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The Sobrato Organization has acquired a 40.9k sf, creative office building in San Francisco’s South of Market (SOMA) district in a $71 mil ($1,736/sf), all-cash buy. The property is fully leased through January 2031 to Andreessen Horowitz, one of the top venture capital firms in the world.
The property is located at 180 Townsend St, near Oracle Park, Chase Center and San Francisco Caltrain station. The building recently underwent a $20 mil renovation, making it one of the top creative office buildings in the city.
Michael Taquino, Kyle Kovac, Giancarlo Sangiacomo, and Alec Haley of CBRE Capital Markets Team represented the seller, DivcoWest, in the transaction.
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