Jul
12
Grosvenor Nabs Boutique Office Asset in San Fran
ByThe 109-year-old building is located in the heart of the city’s Jackson Square neighborhood.
394 Pacific Ave., San Francisco
San Francisco—Grosvenor has acquired 394 Pacific Ave., a 50,220-square-foot brick-and-timber office building in San Francisco, from PMI Properties. Financial details of the transaction have not been disclosed.
Originally built back in 1907, the building has undergone substantial renovations, including a seismic retrofit in 1981.
“394 Pacific Avenue has the right mix of current income and value-add opportunities to explore,” Peter Staver, Grosvenor Americas senior investment manager, told Commercial Property Executive. “The building itself features high ceilings, original brick walls and efficient floor plates that are in strong demand from a wide range of office users. We intend to enhance these features to create a boutique office building within Jackson Square.”…
Copyright © 1999 - 2025 Tony Seruga | All Rights Reserved
Affiliates |
Privacy |
Refunds |
Legal & Policies