September 27, 2016
The iconic Tiffany Building in San Francisco’s Union Square was acquired by a Spanish investment firm from Greenstone Realty Advisors LLC and 360 Post LP for reportedly $145 million. The buyer was Ponte Gadea SL, a firm founded by Amancio Ortega Gaona, the billionaire behind global fast-fashion giant Zara.
The 11-story, 96,882-square-foot Tiffany Building at 360 Post Street is one of the most desired addresses in the City. For nearly 25 years, it has served as one of Tiffany & Company’s most important global flagship stores.
Cushman & Wakefield’s Kazuko Morgan and Seth Siegel led the team that advised on the sale.
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