X
Upcoming Stories
California CRE News In Your Inbox .

California   /   December 6, 2018

Dennis Kaiser
By: Dennis Kaiser

Swift Snags San Francisco Assets for $85M

Swift Real Estate Partners acquired a pair of San Francisco assets for a combined purchase price of $85 million. The properties include the historic Sharon Building at 55 New Montgomery St. (pictured), and 101 Utah St., a 74,000-square-foot light industrial building.

Swift bought the eight-story, 100,183-square-foot Sharon Building, home to the popular House of Shields bar, from an undisclosed private owner for $64.25 million. The building, constructed in 1912, was fully-leased to nearly 80 tenants when it came to market. It will be renovated and rebranded as 55 New Montgomery.

CBRE’s Mark Geisreiter handled the Sharon Building sale, while CBRE’s Mike Walker secured an acquisition loan.

The 50% occupied industrial property houses the Jewelry Center in the Showplace Square District, and was bought for $21 million. Swift’s value-add plans include repositioning the asset into a “modern, creative workspace.”

Connect
Inside The Story
About the Author

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience.
Email the Author

LeeAssociates-08-cube
New call-to-action
New call-to-action
New call-to-action
© ConnectCRE 2021 / 3900 San Fernando Road, Suite 1007, Glendale, CA 91204
Contact Us / Policies, Privacy & DisclosuresSubmit Press Release / 
magnifiermenu