Vanbarton Continues San Francisco Shopping Spree
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100 Montgomery St., San Francisco
San Francisco—Vanbarton hits San Francisco in a buying binge that has been ongoing since its launch in July 2015. The real estate investment company recently acquired 100 Montgomery St., a 429,000-square-foot office tower in the city’s North Financial District, from the Blackstone Group.
Vanbarton and Blackstone are keeping mum on the financial details of the transaction for the time being, but some media reports put the price at $285 million. However, a more recent article by San Francisco’s The Registry cites sources who refute the publicized figure, asserting that the actual sale price was $279 million. Whether the more actual number is $279 million or $285 million, 100 Montgomery fetched roughly 70 percent more than it did in 2012, when Blackstone Real Estate Partners VII acquired the asset from Hines and Sterling American Property for $126 million…
