135,485-SF Rialto Building Sale Is Done Deal

SAN FRANCISCO-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that Africa Israel USA together with its partners, it has closed on the sale of the Rialto Building, an office and retail property situated in San Francisco’s prime South Financial District. The nine-story building went to a joint venture between Invesco and Hines for an undisclosed amount.

“This sale proves that San Francisco is still unmatched as the nation’s top-performing office market,” explains Tamir Kazaz, CEO of AFI USA. “The combination of historic architecture, creative layouts and central location make this a highly attractive property, one that will ensure long-term value and stable cash flows.”