Monday, March 4, 2013

Clarion Completes $100M Sale of San Francisco Office Tower




National Commercial Real Estate News From CoStar Group





Clarion Completes $100M Sale of San Francisco Office Tower



Clarion Partners LLC, the New York-based investment manager, finalized its sale of 100 Spear St., a 21-story tower in the south financial district of San Francisco, for $100 million or $492 per square foot. The buyer was not disclosed.

Delivered in 1984 and renovated in 2011, the 203,071-square-foot office building is Energy Star rated and LEED Gold certified.

Kidder Mathews and Pond North LLP lead the tenant roster of the 91.5 percent leased...






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