July 22, 2016
One Front Street is being marketed for sale by Eastdil Secured in a deal that could exceed $520 million. The 650,000-square-foot true core trophy asset is held by the Florida State Board of Administration, which owns it through a separate account relationship with Atlanta-based Invesco Real Estate.
The acquisition opportunity is expected to draw an array of domestic and international investors interest seeking core office assets in San Francisco. Built in 1979, One Front St. is a 38-story, Class A asset located at Market and Front St.’s that connects the North and South Financial markets.
The 100% leased property serves as JLL’s Bay Area HQ and architecture firm Skidmore Ownings & Merrill is also a tenant. JLL’s Wes Powell and Ted Davies handle leasing at the building.
For comments, questions or concerns, please contact Dennis Kaiser