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CBRE Arranges $71M Office Building Sale in San Francisco’s SOMA District
The CBRE Capital Markets team has announced the $71 million all-cash sale for a South of Market (SOMA) creative office building to The Sobrato Organization, a Silicon Valley-based real estate developer. The property is located at 180 Townsend St. and is leased to VC firm Andreessen Horowitz through January 2031.
Michael Taquino, Kyle Kovac, Giancarlo Sangiacomo and Alec Haley of CBRE represented the seller, DivcoWest in the transaction.
The 41,000-square-foot building underwent a recent $20 million renovation and the SOMA location near Oracle Park, Chase Center and San Francisco Caltrain Station, make it one of the top creative office buildings in The City.
Photo courtesy of Jeff Peters
- ◦Sale/Acquisition
