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Potrero Hill Office Asset Trades

SAN FRANCISCO—ASB Real Estate will pay nearly $93 million for 444 De Haro Street, and will now manage seven properties in San Franciso.

By David Phillips | Updated on January 15, 2015

SAN FRANCISCO—ASB Real Estate Investments will pay $92.6 million for the acquisition of the 444 De Haro Street office building in the rapidly redeveloping Potrero Hill submarket, south of the city’s financial district.

The purchase from Ares Management follows ASB’s acquisition last summer of 1400 16th Street, a nearby office building. Both investments were made by ASB on behalf of its Allegiance Fund, a $4 billion core investment vehicle.

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