SAN FRANCISCO—A subsidiary of Jamestown LP is spending $32.5 million to acquire 731 Market Street, a six-story office building in San Francisco's South-of-Market district. Capital One Bank arranged the acquisition loan, and announced the deal today. Jamestown Premier 731 Market LP, a subsidiary of Jamestown LP is the buyer.
“We are pleased to continue our longstanding relationship with Jamestown as they make strategic purchases in key markets,” said Paul Kesicki, senior vice president for Capital One Bank's Commercial Real Estate Group. “This is another example of Jamestown's focus on high-quality properties in top-tier markets.”
The 92,000-square-foot Bancroft Building was constructed in 1908, just two blocks from Union Square. It has recently been renovated with the needs of creative services and technology companies in mind and features open floor plans, high ceilings, and exposed-brick walls. The ground floor is currently occupied by CVS Pharmacy on a long-term lease.
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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.
