The building, which is located at 425 Market St., is a 38-story office tower that was built in 1973 and is partially owned by MetLife Inc., IBM and Fremont Properties. These three companies own a total of 86% of the building. The remainder of the building is owned by Shorenstein Co., which has decided to retain its share.
425 Market St. was designed by architects Skidmore, Owings & Merrill and features a large lobby and granite-paved plaza. The building is the heart of the city's Financial District.
According to a local realtor, the building is currently valued at approximately $280 psf. However, he adds, due to the building's prime location and appeal to large tenants, it may be sold at a higher rate.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
