Another office property in San Francisco changes hands

Pembroke Real Estate has entered the San Francisco office market, acquiring a 15-storey office building at 100 California St. The sellers are Broadway Partners and Lehman Brothers Holding.

A sales price was not disclosed in the press release; however, Real Capital Analytics estimates the sales price to be $182 million.

Located in San Francisco’s desirable Financial District, 100 California St. is certified LEED Silver. The property is at the intersection of California and Davis streets, one block from Market Street and all public transportation, across from the Embarcadero Center.

Pembrook plans to repo