Heitman LLC, a Chicago-based real estate investment management firm, sold Foundry Square IV in San Francisco on behalf of Utah State Retirement System for $184.5 million. Brian Bollinger of Palmer Capital Inc. represented the seller, while the buyer was represented in-house according to a CoStar report. Heitman previously purchased the property from Cottonwood Partners.
Built in 2003, the 230,625 square foot building at 500 Howard Street was 100% leased at the time of sale with The Gymboree Corp. occupying most of the space. The property benefits from the new Transbay Terminal, which is known as the "Grand Central Station of the West."
For more news and information visit Blumberg Capital Partners.
No comments:
Post a Comment