May 2, 2019
San Francisco-based The Swig Company and Santiago, Chile-based STARS Real Estate Investments purchased 945 Bryant St. in San Francisco from Bridgeton Holdings for a reported $42 million. The three-story, roughly 42,000-square-foot office building will soon house the city and county’s Adult Probation Department on a long-term lease for the entire building. Several city departments are making moves in preparation for the planned renovation of the Hall of Justice Building.
The Swig Company’s Tomas Schoenberg says, “We were drawn to potential investments in this part of The City by the transitional character of the neighborhood which continues to improve significantly thanks to investment by some significant tech companies and all the new residents filling the newly-constructed apartments.”
The acquisition was financed with a new 10-year loan provided by PNC Bank. CBRE’s Kyle Kovac, Mike Taquino and Giancarlo Sangiacomo arranged the transaction. CBRE’s Mike Walker arranged the financing.
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Tags: Acquisition, Office
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