Everyone wants a piece of Union Square
A number of retail and mixed-use properties near San Francisco’s Union Square have changed hands, showing office is not the only San Francisco treat. Retail properties in the city’s preeminent shopping district also have attracted high levels of investment activity.
Greenstone Realty Advisors and 360 Post have sold San Francisco’s iconic Tiffany Building. Financial terms were not disclosed; however, the sales price is estimated to be between $135 million and $145 million. The Tiffany Building is located directly on Union Square at 360 Post St. The 11-story building comprises 96,882 square feet of luxury high-street retail and office space.
For nearly 25 years, this location has served as one of Tiffany & Co.’s most important global flagship stores. The Tiffany Building is also the U.S. headquarters for Cathay Pacific Airways, one of Asia’s largest airline carriers. It is one of the tallest buildings on Union Square, and its prominent presence is heightene