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Transwestern Investment Partners on Purchase of Two SOMO Office Buildings

SAN FRANCISCO-A block away from the Moscone Center, the acquisition includes an 11-story building at 55 Hawthorne, a five-story building at 631 Howard Street as well as a five-level parking structure.

By Raymond J. Aguilera | Updated on October 10, 2000

SAN FRANCISCO-Transwestern Investment Co. LLC and Rawson, Blum and Leon have jointly acquired two SOMA office buildings totaling 240,000 sf.

Transwestern acquired the properties on behalf of its Aslan Realty Partners, LP investment fund. A block away from the Moscone Center, the acquisition includes an 11-story building at 55 Hawthorne, a five-story building at 631 Howard Street as well as a five-level parking structure.

With vacancy rates hitting new lows throughout San Francisco, and the tech-fueled growth of the SOMA district, Transwestern’s recent acquisition fits in well with the Aslan strategy. The fund focuses on undervalued assets, and those that are poised for value creation, as well as development projects.

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