The Peninsula Industrial Pros

Your Commercial Real Estate Source in the San Francisco Bay Area

Mystery Buyer Purchases 100 Spear St for $100M

It appears that the sale of 100 Spear Street in San Francisco’s CBD has been completed for approximately $100M.  Our Kidder Mathews office is located within building and it was reported that it was about 91% occupied at the time of sale.  The seller was Clarion Partners LLC and appears to have sold the 21-story building for about $492/ a square foot.

Average rents were in the $4.50 /psf range.

The 203,071-square-foot office building was built in 1984 and renovated in 2011 to qualify for the Energy Star and LEED Gold certifications.

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This entry was posted on March 4, 2013 by in In the News, Office, Peninsula, Recent Sales, San Francisco County and tagged , , , .
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