(EDITOR’S NOTE: According to sources with knowledge of the details of this transaction, the sales price for the property was $4.85 million. Grosvenor Americas was the buyer.)
San Francisco, CA – Thor Equities Group, a global leader in urban real estate development, leasing and management, has closed on the sale of 440-444 Jackson Street in San Francisco, company executives announced today.
“After repositioning and fully leasing 440-444 Jackson Street, we felt the time was right to sell this prime retail property located in the historic Jackson Square district,” said Joseph Sitt, Chairman of Thor Equities Group.
Danish furniture design company Republic of Fritz Hansen recently signed a long-term lease at 440 Jackson Street, encompassing 1,600 square feet of space, for its first California store. In addition, high-end furniture company Creative Wood occupies 444 Jackson Street, totaling approximately 1,600 square feet on two levels.
Located near the Financial District in San Francisco, the Jackson Square Historic District is home to a number of new restaurants, bars, and retail stores including Isabel Marant, A.P.C, Aesop, Allbirds, Filson and Shinola.
Thor Equities Group continues to own 634 2nd Street and 152 Geary Street in San Francisco, 385 17th Street in Oakland and 600 Bancroft Way in Berkeley, as well as 19000 Homestead Road in Cupertino and 130-150 Shoreline Drive in Redwood City, Calif.
About Thor Equities Group
Thor Equities Group is a leader in the development, leasing and management of commercial, residential, retail, hotel and mixed-use assets in prime urban locations worldwide. The company maximizes returns for investors by recognizing a property’s potential, reducing operating expenses, increasing tenant satisfaction, and leveraging market trends to maintain a long-term competitive edge. Thor Equities is also the exclusive representative of global retailers through Thor Retail Advisors, a premier leasing agent for marquee properties worldwide. For more information, visit www.thorequities.com