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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