Class A office property, 215 Fremont Street changed hand
Clarion Partners has purchased Class A office mid rise in San Francisco, for $335.5 million.
According to a news in CP Executive, the seller, Jack Resnick & Sons had purchased the asset in 2006. Lincoln Property Co. is managing the property on behalf of the new owner.
215 Fremont Street is a 427, 393 square foot Class A office building. It is located in the city’s South Financial District submarket. The eight story building occupies a 1.2 acre parcel. In addition, approximately 16 million square feet of Class A office space and upwards of 5,100 multifamily units fall within a quarter mile of the property.
Furthermore, the office space, the building includes 21,703 square feet of retail space presently occupied by a number of restaurants, a barber shop and a yoga studio. Also, the property wast last renovated in 2000, with the previous owner, EQ Office.
Source: CP Executive
Fulya Altunyay/ [email protected]