November 17, 2016
New York-based Vanbarton Group acquired 115 Sansome St., a 15-story historic office building in San Francisco for $83 million. Boston-based TA Realty LLC sold the 100%-leased, roughly 117,000-square-foot asset on behalf of The Realty Associates Fund X.
TA Realty completed a comprehensive repositioning, including converting more than 70% of the building to creative office space. Constructed in 1912 to be the headquarters for the Standard Oil Company, 115 Sansome is a 19th Century French Beaux-Arts masterpiece.
The ground-floor lobby’s architectural features were restored, and the upper floors were converted from traditional floorplates to a creative and collaborative workplace environment. That involved artfully exposing the original features, including concrete ceilings and floors, brick walls and copper-clad windows.
JLL’s Michel Seifer and Erik Hanson represented TA Realty.
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