SAN FRANCISCO—Legacy Partners of Foster City, CA, has placed a 295,000 square foot San Francisco office building on the market, according to a local business media source.
The property, 160 Spear Street, might bring more than $180 million, according to a report on the website The Registry. The investment firm has hired Eastdil Secured in its San Francisco office to be the listing agent on the sale, the site says. The asset is expected to sell for be somewhere in the range of $625 to $650 per square foot or in excess of $184.3 million, the report said.
Until late last year, Legacy held the property on a ground lease arrangement, but in December, the real estate company bought the land as well.
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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.
