San Francisco Office Building Expected to Set Record Pricing
Bloomberg BusinessWeek reports: A San Francisco office building is expected to sell for $185 million, the city’s highest per-square-foot price since the market peak in 2007. Foundry Square IV is a 10-story, 233,000 square building fully leased to Oracle Corp.
According to global commercial property research firm Real Capital Analytics, the peak office sale in San Francisco was Morgan Stanley’s $1.46 billion, or $1,001 per square foot, purchase of the One Market complex. The property was part of a San Francisco portfolio sale by private equity firm Blackstone Inc., following its buyout of Sam Zell’s Equity Office Properties Trust.
View the full article on Bloomberg BusinessWeek: San Francisco Office Building Expected to Set Record Pricing
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Posted by: Nina Turner