Columbia Property Trust and Allianz Real Estate are selling a 33-story office tower at 333 Market Street in San Francisco's Financial District that is leased in its entirety by Wells Fargo.
In June, the bank renewed a 10-year lease for the 622K SF tower. The asking price for sale of the Market Street tower has not been disclosed, according to a report in the San Francisco Business Times.
Columbia paid $395M for the tower in 2012 and now owns a majority stake in the property.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.