Search
 

Brannan Street Property Hits the Market for $22 Million

SAN FRANCISCO-LNR Property Corp. and its parent company Lennar Corp. purchased the property in 1999 for $15.2 million. The site is fully entitled for 187 market-rate residential units and 51 below-market residential units.

By Becky Bergman | Updated on March 07, 2001

SAN FRANCISCO-A two-acre site at 200 Brannan St. and 1 Federal St. in the city is on the market for roughly $22 million.

Owned by a partnership of LNR Property Corp. and parent Lennar Corp. and listed by Grubb & Ellis brokers Richard Johnson and Dan Cressman, the site is fully entitled for 187 market-rate residential units and 51 below-market residential units.

The company is selling the site because they are not long-term investors. They bought the property in 1999 for $15.2 million. Part of the deal included 250 Brannan, which Lennar and developer Mariposa Management Co. converted into a business services building. Currently, the same brokers handling 200 Brannan are also listing this property. The asking price: $50 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.