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Boston Capital Selling 685 Market St.

SAN FRANCISCO-Boston Capital is selling a Market St. property to CB Richard Ellis Investors LLC, nearly doubling its original investment in two years.

By Allison Landa | Updated on August 28, 2000

Boston Capital is profiting from San Francisco’s red-hot commercial real estate market, selling its 685 Market St. property for nearly twice what it paid just two years ago.

CB Richard Ellis Investors LLC is buying the building for $55 million, or $277 per sf. Boston Capital bought it for $30.2 million from United Square Corp. in October 1998. Jones Lang LaSalle lists the building. The deal is expected to close in October 2000.

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