100,000 SF Value-Add Office
- Acquired July 2019 with AEW Capital Mangement.
- Property was 100% leased at time of acquisition to Wells Fargo Bank with a short-term lease substantially below market.
- The building benefits from its creative office character with 15-32 foot ceiling heights, beautiful board form concrete shell, operable windows on second floor, ornate vault amenity space and an expansive roof deck. Additionally, its superb location sitting in the heart of the San Francisco financial district on top of the Montgomery transit stop makes it one of San Francisco’s most interesting large blocks of available creative office space.
- Reposition is currently underway of existing building with upside to deliver potentially up to 400,000 SF in a high-rise tower that sits above the existing historic building providing near term cash flow and massive upside potential.