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Paramount Group Pays $395M for 50 Beale

SAN FRANCISCO—The 23-story iconic Financial District office building brought $596 per square foot.

By David Phillips | Updated on September 10, 2014

SAN FRANCISCO—Rockefeller Group Investment Management Corp., on behalf of its joint venture with Mitsubishi Estate New York, has sold 50 Beale St. in the heart of San Francisco’s South Financial District for approximately $395 million, or $596 per square foot.

The buyer was Paramount Group, Inc.  Rockefeller Group Investment Management Corp (RGIM) was advised by Eastdil Secured.

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