October 19, 2017
The Swig Company divested 555 De Haro St., a 50,021-square-foot historic office and PDR (production, distribution and repair) building located in San Francisco’s Potrero Hill submarket. The buyer was Bridgeton Holdings, which paid $27 million.
Swig’s Connor Kidd says, “555 De Haro is a beautiful gem with its exposed wood beams, open floor plans, and overall charm and character.”
The Swig Company acquired the 100%-leased property in July 2014 in partnership with San Francisco residential developer Build Inc., and completed a renovation. That included upgrades to the property’s interior space, improvements to the efficiency of the building’s systems and repositioning it to more broadly appeal to today’s creative businesses.
The building was originally a soap factory located at the southeast corner of Rhode Island and 17th (Santa Clara) Street. It was relocated two blocks to its current location in 1917.
HFF brokered the off-market transaction, and secured financing on behalf of the buyer through Silverpeak Argentic.
For comments, questions or concerns, please contact Dennis Kaiser