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Clarion Claims San Francisco Building for $336M, Largest Since 2017

New York-based Clarion Partners acquired 215 Fremont St. in San Francisco from Jack Resnick & Sons for $335.5 million. The transaction for the eight-story, 427,393-square-foot building ranks as the largest in the city in nearly two years.

Formerly known as the Charles Schwab Building, the Class A office asset houses Fitbit, which occupies more than 124,000 square feet. The property has been rumored to be in the running for Google’s roughly 180,000-square-foot requirement.

New York City-based Jack Resnick & Sons acquired the property in 2006, which at the time carried a valuation of $192 million, according to Real Capital Analytics. The property features rooftop decks and terraces with lush greenery and city views.

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About Dennis Kaiser

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 including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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