Shorenstein Eyes Proposed Twitter HQ

SAN FRANCISCO-According to industry rumors and an unnamed source, the City’s effort to entice Twitter Inc. to Market Square, formerly known as the San Francisco Mart, will include Shorenstein Properties’ purchase of the complex from ADCO Group. Shorenstein tells GlobeSt.com that it cannot officially comment at this time, however, an unidentified source not involved in the deal, tells GlobeSt.com that the company “is in negations to buy it, but it has not closed.” The source points out that closing is expected to “within two weeks.”

ADCO Group did not respond to GlobeSt.com queries by deadline and Jones Lang LaSalle’s Christopher Roeder, a managing director in the San Francisco office, who handles leasing at the property, tells GlobeSt.com that he cannot comment at this time.