September 20, 2019 Comments Off on New York Investor Claims Jackson Square Asset Views: 525 Bay Area, California News

New York Investor Claims Jackson Square Asset

New York-based Bridgeton Holdings acquired 747 Front Street, a four-story, 85,500-square-foot Class A office building in San Francisco’s Jackson Square district from Polidev. CBRE arranged the sale and $54.9 million financing.

Bridgeton’s Atit Jariwala says, “747 Front presented a rare opportunity to own a highly visible, efficient and creative building in the most supply constraint submarket in the city. Jackson Square has a lot of history and its boutique character has attracted some of the largest VC firms, transforming it into the new Sand Hill Road.”

CBRE’s Kyle Kovac, Mike Taquino, Russell Ingrum, Mandy Lee, and Giancarlo Sangiacomo represented the seller. The buyer was self-represented. CBRE’s Mike Walker, Brad Zampa and Megan Woodring arranged the acquisition financing.

Built in 1909, the 100%-leased asset has undergone substantial creative improvements in recent years, including new open floor plans and expansive windows. The building also features a private roof deck with views of the San Francisco Bay.

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