Publications

Transactions

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

Sign in Start Your Free Trial Now View Purchase Options

Paramount Group purchases San Francisco office for $512m

by Zoe Wolff

Paramount Group has agreed to acquire 1 Front St. in San Francisco from the Florida State Board of Administration for $521 million, according to a statement. The sale is expected to close by the end of the year.

The 651,000-square-foot office building is currently 99.4 percent leased. The 38-story property is located in the heart of San Francisco’s central business district, two blocks from the Transbay Transit Center, which is expected to be completed in late 2017 and will accommodate up to 45 million passengers per year.

Paramount’s other San Francisco assets include 50 Beale St. and One Market

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?