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Ferry Building Soon to Seek New Ownership

SAN FRANCISCO—As tech companies and other tenants seek more flexible leases and top-notch amenities, the waterfront jewel with iconic clock tower will seek a new buyer a decade after Blackstone's purchase of EOP.

By Lisa Brown | lisabrown | Updated on June 13, 2017

Blackstone is expected to put the Ferry Building on the market in the next few weeks.

SAN FRANCISCO—In the next few weeks, Blackstone Group LP will put the landmark Ferry Building, two other properties and some smaller holdings on the market. Eastdil Secured has been hired by Blackstone to identify buyers.

The Ferry Building is configured in a ground lease from the Port, which has a controlling interest in the building, GlobeSt.com learns. The waterfront jewel with its iconic clock tower is expected to source a new buyer as technology companies and other tenants seek more flexible leases and top-notch amenities.

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