Historic Office Gets Institutional Buyer Nod

SAN FRANCISCO—The historic building at 20 California St. has been purchased by L&B Realty Advisors on behalf of an institutional client. At 59,472 square feet, this seven-story office building has ground-floor retail, private offices, conference areas, copy rooms, kitchens, interior exposed brick and bamboo flooring in a Financial District address.

The circa-1908 structure has been extensively renovated during the past few years, with each floor being gutted to expose the original materials below. With abundant natural light due to an extensive window line, the operable window feature was kept in the updated design. Interior seismic upgrades have been performed, each floor has individual heating and air conditioning, and the building has an ENERGY STAR rating of 86 as of last year.