Transactions - APRIL 3, 2017

San Francisco office tower sells for $312m

by Andrea Waitrovich

The Blackstone Group has purchased the office building at 211 Main St. in San Francisco for $312.9 million, according to other media outlets. An official statement has not been released.

The asset is an 18-story class A office. The building is located in the South Financial District of San Francisco, blocks from the developing Transbay Terminal.

CIM Group bought the building in 2009 for $113.3 million.

Office property sales in San Francisco during 2016 totaled more than $5.3 billion, according CBRE. But the city slipped to third in Marcus & Millichap’s 2017 National Office Property Index and fell to second place behind Austin as the top tech city, according to Savills.

This year’s San Francisco office transaction thus far include:

Ohio STRS to sell SF office for $473m

Principal sells SF office tower for $185m

Canadian investor to purchase SF office for $250m

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