South Korea-Based Hanwha Life Buys 300 Grant in San Francisco’s Union Square Neighborhood for $155MM

300 Grant San Francisco Union Square Zeno Capital Hanwha Life Insurance Artha Capital

By Catherine Sweeney 

Just a couple of years after it was developed, a large office building in San Francisco’s Union Square neighborhood has sold for $155 million, or about $2,167 per square foot. The property was sold by A-Z300 Grant LLC, an entity affiliated with Zeno Capital, to a subsidiary of South Korean conglomerate Hanwha Life Insurance CO., according to public records. 

The 71,508 square foot office building is located at 300 Grant Avenue and is the first ground-up retail and office development to be built in Union Square since the mid-1980s. According to the building’s website, 300 Grant features three stories of creative office space as well as four stories of retail. 

The building was developed in 2020 by Artha Capital and Zeno Capital and is home to various tenants, including Brilliant Earth and Arc’teryx.

Situated at the corner of Sutter and Grant, the building is also closely located to a number of retail amenities and is just a short walk away to both Chinatown and the city’s Financial District. The property is within close proximity to several BART stations and a short drive from Interstate 80. 

Hanwha was founded in 1952 and currently has 80 domestic affiliates and more than 460 networks around the world. Hanwha Life is South Korea’s first life insurance company and has since grown its presence around the world. In general, Hanwha has assets valued at nearly $103 billion. 

West Coast Commercial Real Estate News