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IFPTE Union Purchases SoMa Office Building for $9.5M
Coldwell Banker Commercial Realty has facilitated the $9.5 million sale of 1155 Mission St., a three-story, boutique office building in the San Francisco’s South of Market (SoMa) warehouse district. Coldwell Banker’s Rich Lewetzow represented the buyer, IFPTE Local 21, a union representing public sector professional and technical workers in the Bay Area.
“We celebrated our 50th anniversary in 2022, so it’s only appropriate that we found our new home this year,” said Gus Vallejo, president of IFPTE Local 21. “Our requirements for our new headquarters was a building that is centrally located, near public transit and move-in ready. 1155 Mission Street met those requirements with the added bonus of recent upgrades.”
“IFPTE Local 21 is a San Francisco institution, and it was an honor to help them establish their new headquarters in a building that blends The City’s architectural pedigree with the latest office space innovations,” said Lewetzow.
- ◦Sale/Acquisition
