Embarcadero Capital Partners sells S.F. creative office asset

Embarcadero Capital Partners has sold 1098 Harrison Street, a 44,794-square-foot creative office asset in the heart of San Francisco’s tech-driven SOMA District in the all-cash, off-market transaction.

The financial terms were not disclosed.

The new owner is Hearst.

Originally built in 1924, 1098 Harrison Street received a complete base building renovation over the last 10 years and is regarded as a state-of-the-art creative office space with top-of-the-line amenities, including an all-hands stadium seating area and a rooftop deck. The two-story building is fully leased into 2029 to Plaid, Inc.  The property’s central location in Downtown San Francisco provides proximity to premier tenancy, numerous mass transit options providing connectivity throughout the Bay Area and an abundance of retail, entertainment, dining and cultural amenities located in San Francisco’s Union Square, Mid-Market and South/North Financial District neighborhoods.