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$465 Per SF Buys 800 Market

SAN FRANCISCO-The 49,000-sf, eight-story bank building's lower floors will be repositioned as a flagship retail site given its location across from the new Westfield San Francisco Centre.

By Brian K. Miller | Updated on September 10, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

SAN FRANCISCO-An eight-story, 49,000-sf triangle-shaped building across from San Francisco Centre has changed hands for $22.76 million, or $465 per sf. The long-time location of California Savings Bank was acquired by an entity of Los Angeles-based brokerage firm Blatteis & Schnur, which plans to convert the lower levels into a flagship retail location.

The bank, which has occupied the building for the past 45 years, is moving the office operations on the upper floors to 345 California St. in the Financial District. The retail bank branch on the street level is moving to an as yet unnamed location in the Financial District. The bank has leased back 800 Market for about four months.

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