SAN FRANCISCO-Earlier this month, GlobeSt.com reported that New York City-based Clarion Partners LLC had sold 100 Spear St. The sale of the class A LEED Gold office tower in the heart of San Francisco's Central Business District was sold at just around $100 million.
In an update to that story, we now learn that Harvest Properties has been awarded the property management assignment for the 21-story, 203,000 square-foot building.
Newark, NJ-based Prudential Real Estate Investors was the buyer of the building, with whom Harvest Properties has worked on a number of commercial property transactions over the years, according to a prepared statement. Harvest Properties assumes management duties effective immediately.
“The 100 Spear Street address is sought-after for its flexible floor-plates, exceptional views and central location to transit and countless amenities,” explains John Winther, founder and managing partner of Harvest Properties. “It's an outstanding building that contributes to the health and stability of the San Francisco real estate market, which continues to perform at a high level on all sides of a transaction.”
According to Harvest Properties, the tower is currently 90% leased to more than 40 tenants. Harvest Properties currently owns and/or manages about eight million square-feet of commercial and industrial property in San Francisco and the Bay Area.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
