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AUGUST 14, 2019

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Harvest Properties JV acquires office building in San Francisco’s Financial District

by Released

Intercontinental Real Estate Corporation and Harvest Properties have acquired 400 Montgomery, a historic 85,580-square-foot office building in San Francisco’s Financial District.  

With the acquisition of 400 Montgomery, Intercontinental continues to grow its San Francisco Bay Area portfolio, which includes 12 assets totaling approximately 2.3 million square feet of office and industrial space and 1,400 multifamily units. This is the second joint venture with Harvest; in 2016 the firms acquired 60 South Market, a 234,000-square-foot class A office tower in downtown San Jose, Calif.   

400 Montgomery is located at the corner of California and Montgomery streets in San Francisco’s North Financial District, a submarket that has a proven appeal to the millennial workforce and is home to many of the region’s most dynamic and innovative companies, according to Jessica Levin, Intercontinental’s senior director of acquisitions. 

“The North Financial Distr

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