Two San Francisco properties sell for $319m
In separate deals, two assets in San Francisco have changed hands for a total of $319 million.
The largest and the highest priced of the two is the 288,308-square-foot office building located at 160 Spear St., which was acquired by Tishman Speyer for approximately $197 million, or $683 per square foot. The property was sold by SteelWave (formerly known as Legacy Partners Commercial) and Brookfield Asset Management.
The 19-story office building is 95 percent occupied. Major tenants include Databricks, GSA-Social Security Administration, Conversant, U.C. Berkeley Extension and Workday.
The acquisition marks Tishman Speyer’s sixth office deal in San Francisco, according to the San Francisco Business Times.
The firm also is developing various residential projects in San Francisco, including the 6