HFF, Inc. : HFF closes $100 million sale of Class A office tower in San Francisco March 6, 2013 SAN FRANCISCO, CA - HFF announced today that it has closed the sale of 100 Spear Street, a Class A office tower totaling 203,071 square feet in San Francisco, California. HFF marketed the property on behalf of the seller, Clarion Partners. Prudential Real Estate Investors purchased the property for $100 million. Originally developed by HKS in 1984, the 21-story tower is LEED Gold certified and is 91.5 percent leased to 41 tenants, including several high-profile professional service and technology companies. Since 2009, more than $4.5 million has been invested into the property including a substantial lobby renovation, fire-life-safety system upgrades and modernization of the elevator systems. The building is located at the intersection of Market Street in San Francisco's South Financial District, one block from the future Transbay Transit Center, which will be the largest transportation hub ever built on the West Coast. The HFF investment sales team representing the seller was led by senior managing directors Gerry Rohm and Michael Leggett and director Dave Karol. Clarion Partners has been a leading U.S. real estate investment manager for more than 30 years. Headquartered in New York, the firm has offices in major markets throughout the U.S., in Sao Paulo, Brazil and London, England as well as a presence in Mexico. With more than $27 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 200 domestic and international institutional investors. More information about the firm is available at www.clarionpartners.com. PREI is a leader in the global real estate investment management business, offering a broad range of investment vehicles that invest in private and public market opportunities in the United States, Europe, the Middle East, Asia, Australia and Latin America. Headquartered in Madison, N.J., PREI has other offices in Atlanta, Chicago, Miami, New York, San Francisco, London, Lisbon, Luxembourg, Munich, Paris, Istanbul, Abu Dhabi, Mexico City, Rio de Janeiro, Sao Paulo, Beijing, Hong Kong, Seoul, Singapore and Tokyo. In addition, PREI has representatives in Milan and is establishing a presence in Sydney (pending regulatory approval). As of September 30, 2012, PREI managed approximately $51.2 billion in gross real estate assets ($34.6 billion net) on behalf of more than 490 clients worldwide. For more information, visit http://www.prei.com. HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, equity placement, loan sales, and commercial loan servicing. www.hfflp.com. Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740. Contacts: GERRY ROHM CA. Lic. #01367742 HFF Managing Director (415) 276-6300 firstname.lastname@example.org KRISTEN MURPHY HFF Associate Director, Marketing (713) 852-3500 email@example.com ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: HFF, Inc. via Thomson Reuters ONE HUG#1683503
HFF, Inc. : HFF closes $100 million sale of Class A office tower in San Francisco
Press spacebar to pause and continue. Press esc to stop.