Transactions - SEPTEMBER 11, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Paramount buys second S.F. office for $395m

by Andrea Waitrovich

Paramount Group has acquired 50 Beale St., a class A office building located in San Francisco’s South Financial District. The seller was a joint venture of Mitsubishi Estate New York and Rockefeller Group’s U.S. Premier Office Fund. The sales price was $395 million, or $596 per square foot.

The acquisition is Paramount’s second acquisition in the San Francisco market. Paramount was represented by Willkie Farr & Gallagher LLP on the acquisition. And Eastdil Secured represented the seller.

The building at 50 Beale St. was designed by Skidmore, Owings & Merrill and developed in 1968 by Bechtel Corp., which uses the office as its headquarters. The 23-story building consists of approximately 6

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy