San Francisco, CA – The Swig Company has recapitalized its investment in 901 Battery Street by bringing in Medley Partners for a majority equity stake in the property. Swig acquired the office building and accompanying parking structure in the final week of 2012.
“We have been exploring potential partnerships with Medley Partners for several years and are delighted to have found the opportunity to finally join together by repositioning 901 Battery Street,” said Jeanne Myerson, The Swig Company’s CEO.
901 Battery is a 4-story plus basement, 88,668 square foot office building, located in the Jackson Square-North Waterfront submarket. It was originally constructed as a manufacturing and distribution warehouse in 1927 for the Petri Cigar Company and was later the home of Manning Bakery. Today, it is home to several design, media and public relations firms including KMD Architects, Viscira, MediaOne, LinkTV and New Deal Design. The Swig Company is planning several improvements to the property including a voluntary seismic upgrade.
“Medley is excited to be investing alongside such a strong operator as The Swig Company in the re-positioning of this historic building,” said Medley Partners Managing Director, Brian Schneider. “We hope our investment with Swig in 901 Battery will be the first of many such co-investments our two firms make together.”
About The Swig Company
The Swig Company, LLC, headquartered in San Francisco, is a private investment company with a 75-year history of investment, re-positioning, development and management of commercial real estate properties in major gateway, coastal markets throughout the United States. The Company’s diversified portfolio includes urban office buildings and multi-family apartments. The Company no longer invests in hotels. The Swig Company pursues a moderate growth strategy and co-invests with like-minded investment partners in supply-constrained urban environments. The Swig Company is the active day-to-day manager for its California portfolio on behalf of its investors, providing investment, pro-active asset management, redevelopment, selective development and professional high quality property management services. For more information, please visit http://www.swigco.com.
About Medley Partners
Founded in 2004, Medley Partners is a family office that invests primarily in committed capital funds, including buyout, venture, real estate and credit. Medley also participates in co-investment opportunities with knowledgeable partners. The Firm is actively seeking new investments with strong managers and compelling long-term value fundamentals. For more information, please visit http://medley-partners.com.