San Francisco office tower sells for $312m
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: