(Editor’s Note: According to public records, the sale closed on March 22, 2016, and the price for the property was $14.2 million.)
San Francisco, CA—CBRE announced it has arranged the sale of a 31,000-square-foot commercial property located at 300 Kansas Street in San Francisco, California.
San Francisco developer Group i was the Buyer. Matt Kroger and Mark Geisreiter of CBRE’s San Francisco office represented the Seller, a private investor.
300 Kansas Street is a PDR-zoned showroom and retail property in San Francisco’s Showplace Square/Potrero Hill neighborhood within SOMA, centrally located along the 16th Street Transit Corridor. The property is located on a 30,000 square foot parcel fronting 16th Street.
Mr. Kroger stated, “The property is a high-quality renovated showroom property with creative bones and in-place vacancy, offering ideal redevelopment potential for the Buyer to capture increased demand from PDR tenants.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.