|
|
2/06/26
|
RENTV has learned that the loan secured by the fee simple interest in 225 Bush, an iconic, 22-story, 585.4k sf office tower in San Francisco, is being marketed for sale. The asset is being offered by a consortium of CMBS securitization trusts, Benchmark 2019 B14, Benchmark 2020 IG2, CF 2019 CF3, COMM 2019 GC44, and UBSCM 2019 C18, which collectively hold the $350 mil whole loan secured by the borrower’s fee interest in the office tower.
Formerly known as the Standard Oil Building, 225 Bush was originally developed by John D. Rockefeller as the headquarters for Standard Oil and then later served as the Chevron headquarters. The property was most recently renovated in 2010 and 2020 and remains one of San Francisco’s most architecturally significant, historic office towers. 225 Bush features modern building systems, efficient floor plates averaging 26k sf each, on-site parking and a fitness center. Tenants at the approximately 50%-leased building include Crusoe Energy Systems, a digital infrastructure company; and Handshake, an AI-driven career network and recruiting platform.
225 Bush is positioned in the heart of San Francisco’s North Financial District, one of the largest and oldest financial districts in the Western United States. The property offers unparalleled connectivity to transit and a vibrant ecosystem of world-class retail, dining, and entertainment options.
JLL’s Capital Markets Investment Sales and Advisory team representing the CMBS Trust is led by Senior Managing Director Rob Hielscher, Managing Directors Adam Lasoff and Chad Coluccio and Director Caroline Reynolds.
“225 Bush represents one of the most compelling opportunities in the nation,” said Hielscher. “The offering provides investors with the ability to acquire a large, whole-loan position secured by a historically significant San Francisco office asset. The loan structure and underlying collateral present an attractive entry point for a new investor to take advantage of the rebound occurring in San Francisco.”
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
