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Transamerica Pyramid Trades for $650M to SHVO, Deutsche, European Investors
The iconic 48-story Transamerica Pyramid Tower in San Francisco traded hands for $650 million. A JV partnership between New York-based SHVO and Deutsche Finance International acquired the Transamerica Pyramid Center Complex property from Transamerica and Aegon NV.
The site includes a three-building, 703,537-square-foot, Class A office complex and development parcel on an entire city block in the heart of San Francisco’s Financial District. The transaction marks the first time the distinctive tower at 600 Montgomery St. has changed hands since it delivered in 1972.
JLL’s Gerry Rohm, Michael Leggett, Robert Hielscher and Michael Seifer represented the seller and procured the buyer, which also included a consortium of investors led by German pension fund, BVK. JLL’s Peter Smyslowski, Mike Tepedino, Robert Tonnessen and David Sitt arranged $390 million in acquisition financing.
Rohm says, “This was a unique opportunity to acquire one of the world’s most recognized office towers, with its iconic architecture still globally recognizable after nearly 50 years.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


