Jamestown Purchases Ghirardelli Square in San Francisco
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Jamestown, the owner of New York’s Chelsea Market, bought the retail portion of San Francisco’s Ghirardelli Square to expand its holdings of globally known U.S. properties.
The purchase price was $54 million, according to a person with knowledge of the deal who asked not to be identified because the terms of the agreement are private. The shopping complex, sold by Ghirardelli Acquisition Co., has 100,394 square feet (9,327 square meters) of rentable space that are 55 percent leased, the person said.