Monday, April 15, 2013

HFF announces the sale of 181 Fremont Street in downtown San Francisco, CA



                             181 Fremont Street office tower, San Francisco, CA

 SAN FRANCISCO, CA – HFF announced today that it has closed the sale of 181 Fremont Street, a fully-entitled Class A+ office and luxury condominium development site in downtown San Francisco, California.

Gerry Rohm
                HFF marketed the site on behalf of the seller, a joint venture between SKS Investments and an institutional investor.  Jay Paul Company, one of the West Coast’s leading real estate development firms, purchased the site for an undisclosed amount.

                The site is situated on .35 acres in San Francisco’s South Financial District immediately adjacent and connected to the new Transbay Transit Center, referred to as the “Grand Central Station of the West Coast”. 

Michael Leggett
The proposed 54-story, LEED Gold property will total 684,000 square feet of office space and luxury residential condominiums.  The office portion will occupy floors three through 36 of the tower and the residential portion of the tower will consist of 74 units situated on floors 39 through 52.

 Residential amenities will include a fitness center, owner’s lounge and an external balcony on the 37th floor providing 360 degree views of the Bay Area.  The property will also feature a five-level subterranean parking garage.

Holden Lim
The HFF team representing the seller was led by senior managing directors Gerry Rohm, Michael Leggett, managing director Holden Lim, director Dave Karol and associate director Mark Damiani.

                “The tower’s innovative architecture, environmentally conscious design and irreplaceable CBD location will provide a generational opportunity to develop one of the premier high-rise office and residential towers in the United States,” said Rohm. 

Dave Karol
Founded in 1992, SKS Investments is an investor, developer and advisor of commercial real estate properties in the western United States. The firm has owned, entitled and developed more than six million square feet in The Bay Area, 2.5 million square feet of which is in San Francisco. SKS has consistently identified emerging demographic and market trends in advance of other market participants.

Jay Paul Company is a privately held, opportunity-driven real estate firm based in San Francisco, CA.  Founded in 1975, the company concentrates on the acquisition, development and management of prime commercial properties throughout California. 

Mark Damiani
By blending the skills and expertise of its talented management team, Jay Paul Company has successfully developed more than eight million square feet of institutional-quality real estate while consistently generating attractive returns and enhancing value for its investment and development partners.

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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