Cushman Wakefield Advises on Sale of 185MM SOMA Office Tower

150 Spear Street Sold by Principal Real Estate Investors

Cushman & Wakefield San Francisco has advised on another prominent Class A Building sale in the City by the Bay. 150 Spear Street has been sold to an Asian investor for $185 million.  Principal Real Estate Investors sold the 264,492 square foot, 18 story office tower building, which is located between Mission and Howard Streets in San Francisco’s bustling South Financial District.

The Property is situated along the popular Spear Street Corridor, steps from the future Transbay Terminal, Market Street, and the Embarcadero Waterfront. 150 Spear Street is 91% leased to a diverse and nationally recognized tenant roster. The surrounding area is home to numerous Fortune 500 companies and some of San Francisco’s largest and most important employers.

The sale was handled by Cushman & Wakefield’s Northern California Capital Markets Group. The sales team included Seth Siegel, Adam Lasoff, Steve Hermann and Ryan Venezia. Members of this team have recently collaborated on numerous other important San Francisco sales including 760 Market (“the Phelan Building”) and 360 Post (“the Tiffany Building”).