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Northwestern Mutual Claims San Francisco MF for $307M
Northwestern Mutual acquired Jasper, a 319-unit, luxury high-rise apartment building in San Francisco from Crescent Heights for a reported $306.5 million. Completed in 2016, the 40-story property comprises a mix of studio, one, two and three-bedroom floor plans totaling 303,826 rentable square feet.
Located at 45 Lansing St., adjacent to Interstate 80 and the entrance to the San Francisco-Oakland Bay Bridge, the property is also within walking distance to the Embarcadero BART Station and the Financial District. The LEED Silver-certified property is 96%-occupied.
HFF’s Matthew Lawton, Scott Bales and Peter Yorck represented the seller. The property was purchased free and clear of existing financing.
Amenities include stainless steel Bosch cooking suites, Caesarstone countertops, full-size washers and dryers, dual-zone air conditioning and heating, roller shades, patios and terraces and keyless home entry. Community amenities include a resort-style pool, club lounge with interactive video wall, on-site movie theater, dog walking service, fiber optic Wi-Fi, and 24/7 concierge service.
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- ◦Sale/Acquisition




