Invesco Said to Pay $291 Million for San Francisco Tower

Invesco Ltd., which has more than $767 billion under management, agreed to buy a 26-story office tower in San Francisco as the city retains its ranking as one of the most desirable global investment markets.

The acquisition price for 101 Second St. is $291 million, according to a person familiar with the sale who asked not to be identified because the terms are private. At $750 a square foot, it’s San Francisco’s most expensive deal for a stabilized office property in the past year, the person said. The tower at Second and Mission streets, completed in 2000, is 90 percent leased.