SAN FRANCISCO-CBRE says it has been retained by Hines' U.S. Core Office Fund to market 101 Second, a 24-story class A office tower which includes 388,370 square feet of space. The property is currently 89% leased with 23 tenants and is LEED Gold Certified.
CBRE's Russell Ingrum, vice chairman; Kevin Shannon, vice chairman; Joe Moriarty, EVP; Sean Sullivan, EVP; and Tyler Meyerdirk, VP; are marketing the property on behalf of the seller.
“We believe 101 Second offers a rare opportunity for investors to both capitalize on strong market fundamentals and acquire one of the best-of-the-best trophy assets in San Francisco,” says Ingrum. “101 Second is one of only 10 office towers constructed in San Francisco since 1992, and thus is among the relatively few newest generation buildings in the market. Investment opportunities like this are becoming increasingly scarce.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
