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Renovated Union Square Retail Hits Lease Market

SAN FRANCISCO-Located between Barney's and H&M and across the street from Macy's, the six-story, 24,000-sf building is expected to attract high-end retail.

By Brian K. Miller | Updated on March 30, 2008

SAN FRANCISCO-The owner of 165 O’Farrell St., a 24,000-sf building that is under renovation in the Union Square shopping district here is ready to begin singing tenants for the building. Union Square Investments LLC, controlled by venture capitalist Naveen Singha, has tapped Grubb & Ellis to find tenants for the six-story building.

Constructed in 1908, the building is located between Union Square and the newly expanded Westfield San Francisco Centre, one half block from Powell Street, the main streetcar route. In addition to the top-to-bottom renovation, Singha has approved plans for a two-story, 7,000-sf penthouse that could be built to suit an interested tenant, such as a restaurant.

Ross Portugeis with G&E in San Francisco and Gary Schwartzman with G&E in New York have the marketing assignment. International marketing assistance is being provided by Asia Pac International. Portugeis tells GlobeSt.com that the owner is entertaining both single-tenant and multi-tenant scenarios for leasing up the building.

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