Thursday, March 7, 2013

HFF closes $100 million sale of Class A office tower in San Francisco

100 Spear St.,
San Francisco, CA
SAN FRANCISCO, CA – HFF announced today that it has closed the sale of 100 Spear Street, a Class A office tower totaling 203,071 square feet in San Francisco, California.

HFF marketed the property on behalf of the seller, Clarion Partners.  Prudential Real Estate Investors purchased the property for $100 million.

Originally developed by HKS in 1984, the 21-story tower is LEED Gold certified and is 91.5 percent leased to 41 tenants, including several high-profile professional service and technology companies. 

Since 2009, more than $4.5 million has been invested into the property including a substantial lobby renovation, fire-life-safety system upgrades and modernization of the elevator systems. 

Gerry Rohm
The building is located at the intersection of Market Street in San Francisco’s South Financial District, one block from the future Transbay Transit Center, which will be the largest transportation hub ever built on the West Coast.

The HFF investment sales team representing the seller was led by senior managing directors Gerry Rohm and Michael Leggett and director Dave Karol.

Michael Leggett
Clarion Partners has been a leading U.S. real estate investment manager for more than 30 years. Headquartered in New York, the firm has offices in major markets throughout the U.S., in S͠ão Paulo, Brazil and London, England as well as a presence in Mexico. 

With more than $27 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 200 domestic and international institutional investors.  More information about the firm is available at

Dave Karol
                September 30, 2012, PREI managed approximately $51.2 billion in gross real estate assets ($34.6 billion net) on behalf of more than 490 clients worldwide.  For more information, visit

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |

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