Mid-Market Corridor Continues Growth

SAN FRANCISCO-In earlier story, GlobeSt.com reported that 995 Market St. was acquired by 995 Market Street SF Investment LLC, a joint venture between Columbia Pacific Advisors, based in Seattle and San Francisco-based Long Market Property Partners. According to Newmark Knight Frank Cornish & Carey Commercial capital group managing director Kyle Kovac, who represented the buyer with executive managing director Daniel Cressman and managing director Mike Taquino, there has been a surge of activity in the area as of late.

Twitter‘s 215,000-square-foot commitment to Shorenstein‘s 1355 Market St. in April of 2011 prompted a surge of growth and activity in the area. “We are seeing tangible evidence of the mid-Market transformation almost weekly with high-profile tenants, landlords, and developers all committing to the neighborhood,” Kovac says.