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| 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 www.clarionpartners.com.
 |
| 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 http://www.prei.com.
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 | www.hfflp.com
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