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California  + Bay Area  + Retail  | 

Pacific Capital Acquires Street-Front Retail in San Francisco

JLL Capital Markets closed the $9.35-million sale of 2145 Market St., a 29,762-square-foot, trophy retail asset located in San Francisco. Managing director Eric Kathrein, director Warren McClean, senior analyst Andrew Spangenberg and analyst Jen Mistretta represented the seller, a private family trust. Pacific Capital acquired the asset. 

2145 Market is 100% leased to Walgreens and rapidly growing fitness tenant Live Fit Gym, with a WALT of 10.2 years. The site comprises two parcels totaling 0.36 acres and includes one two-story retail building and a subterranean parking garage. Zoning allows for 47,000 square feet of residential and commercial use, with parking in the existing on-site parking structure. 

“2145 Market St. is a testament to the enduring appeal of well-located, street-front retail in San Francisco,” said McClean. “We have continued to see strong investor interest and tenant demand for retail properties in the city’s most coveted neighborhoods.” 

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JLL's McClean

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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