Sep
25
Grosvenor Grabs Office-Retail San Francisco Gem
ByThe luxury mixed-use asset is located in the city’s bustling Union Square district.
240 Stockton St., San Francisco
San Francisco—Grosvenor Americas adds to its high-street retail holdings in San Francisco with the acquisition of 240 Stockton St., a luxury retail and office property in upscale Union Square. The company purchased the 40,400-square-foot building for approximately $80 million, according to local real estate news publication The Registry.
Grosvenor took 240 Stockton off the hands of Bently Holdings, which had owned the property since snapping it up for roughly $25.9 million in 2002, as noted in documents of the San Francisco Planning Department. Commercial real estate services firm Newmark Cornish & Cary represented Grosvenor in the transaction…
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