July 11, 2016 Comments Off on Equity Office Sells Financial District Asset for $285M Views: 791 California News, West

Equity Office Sells Financial District Asset for $285M

Chicago-based Equity Office divested 100 Montgomery St., a 25-story, 429,095-square-foot office building in San Francisco to Vanbarton Group, LLC for $285 million. The New York-based pension fund partner also owns 301 Howard St., where it recently renovated the lobby and expanded the retail space.

The Montgomery building, located a block from a BART station, has a tenant roster that includes DCI Construction, Perkins Eastman, Spruce Capital Partners, and the General Services Administration.

Equity Office originally acquired 100 Montgomery St. from Hines in 2012 for $165 million. Hines had completed a $30-million renovation in 2009.

Eastdil Secured represented Equity Office in the transaction. Cushman & Wakefield’s Mark Anderson and David Duble handle leasing at 100 Montgomery St.

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