San Francisco’s 115 Sansome Office Tower Sells—Again
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115 Sansome St., San Francisco, courtesy of TA Realty
San Francisco—It’s the kind of game of hot potato most investors would want to play. TA Realty LLC has sold the office building at 115 Sansome St. in San Francisco to Vanbarton Group for $83 million. The transaction marks the third trade of the 128,000-square-foot property in five years, with each seller having pocketed substantially more money than the previous.
“The sale of 115 Sansome demonstrates the successful execution of TA Realty’s value-add strategy in a high barrier to entry market,” Jim Raisides, partner with TA Realty LLC, said in a prepared statement. TA Realty, which sold the property on behalf of The Realty Associates Fund X, relied on commercial real estate services firm JLL to broker the deal…
