Bancroft Building Changes Hands

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.”