California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Heitman Buys Newly-Built 500 Pine for $73M
Chicago-based Heitman LLC acquired 500 Pine, a newly-constructed trophy office building in downtown San Francisco, on behalf of an affiliate of the firm for $73 million. The seller of the 56,179-square-foot North Financial submarket asset was a partnership between Pasadena, CA-based Gemdale USA Corporation and Dallas-based Lincoln Property Company.
Completed in 2017, 500 Pine is a LEED Gold Certified office asset featuring state-of-the-art creative office improvements with open floor plans, floor-to-ceiling window lines, a rooftop balcony, and on-site parking with a bike room and showers. The five-story, fully-stabilized building is 100% leased to CVS and Blend. The property sits at the corner of Pine and Kearny Streets in the heart of San Francisco’s CBD.
HFF’s Michael Leggett, Gerry Rohm, Ben Bullock, David Dokko and Thomas Foley represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


