SAN FRANCISCO—A joint venture between Kinship Capital, Pearlmark Real Estate Partners, and Madison Marquette, has completed a successful recapitalization of 300 Grant Street, a landmark retail destination located in San Francisco’s iconic Union Square district. The property offers
32,000 square feet on three levels and is positioned as a landmark real estate destination in one of the most highly-trafficked San Francisco commercial, residential, hotel and retail neighborhoods.
Nick Thomson and Ethan Meers of Kinship Capital, Eric Hohmann of Madison Marquette, and Dirk Degenaars and Jason Trailov of Pearlmark were the lead executives on the deal. The partnership plans to market the property to a new flagship retailer in the coming months.
Dirk Degenaars, Managing Director of Pearlmark, stated, “We are thrilled about this new joint venture and the opportunity to bring a flagship retailer to this exceptional property in San Francisco’s vibrant Union Square District.”
“High-quality partners, attractive physical characteristics, and fabulous location were core elements of our conviction in the acquisition,” said Nick Thomson, Vice President of Kinship Capital.
“Together with our partners at Pearlmark and Kinship, we plan to leverage this recapitalization to build on 300 Grant’s extraordinary record of success in this high-value market,” said Eric Hohmann, Senior Managing Director of Madison Marquette Property Investments (MMPI).