Search
 

San Fran Office Trade Equals $159M

SAN FRANCISCO-While brokers close to the deal remain mum, GlobeSt.com learns that the 353,269-square-foot 475 Sansome St. went for around $450 per square foot.

By Natalie Dolce | Updated on December 13, 2012

SAN FRANCISCO-As GlobeSt.com previously reported, the 21-story 475 Sansome St. office tower here in downtown San Francisco has changed hands. While HFF brokers involved still remain mum, GlobeSt.com spoke with buyer Multi-Employer Property Trust, who confirms what unidentified sources previously quoted us, which was that it went for $450 per square foot.

That number equates to approximately $158.97 million for the 353,269-square-foot tower. In addition, while no parties involved could confirm the seller, an unidentified source tells GlobeSt.com that the seller is soverign wealth fund, Abu Dhabi Investment Authority.

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

© 2024 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 © 2024 ALM Global, LLC. All Rights Reserved.