Swig, SKS Finalize Deal for 350 California in San Francisco
The Swig Company and SKS Partners completed the purchase of 350 California St., a Class A office tower in San Francisco’s Financial District. The seller was Mitsubishi UFJ Financial Group, which was represented by a CBRE team including EVPs Kyle Kovac and Michael Taquino and VP Giancarlo Sangiacomo.
The buyers didn’t disclose the purchase price. However, citing multiple sources, the San Francisco Business Times reported it as $61 million for the 297,642-square-foot office tower, formerly home to Union Bank.
“We viewed this as a generational opportunity to acquire an immaculately maintained and very well-located Financial District building at below replacement cost, and to do so with a skilled and trusted partner,” said Connor Kidd, CEO, The Swig Company.
He added, “We see 350 California as a perfect home for companies, whether in growth mode or right-sizing, but especially those looking for a full floor of their own with very efficient floorplates.”
Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).