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Area Ripe for Acquisition After 400 Multifamily Units Deliver

In a market where there is obviously very little for-sale product, an office property adjacent to Airbnb's headquarters is snapped up in an off-market transaction by an investor that previously purchased 555 DeHaro St.

945 Bryant 945 Bryant is a 41,745-square-foot office building located in SOMA.

SAN FRANCISCO—According to Newmark Knight Frank, San Francisco continues to be a top-performing US leasing and investment market, driven by more than 6 million square feet of tenant demand which includes many venture capital-backed technology companies. Average class-A office rents stand at $74 per square foot and vacancy remains steady at 6.1%.

In line with that intense demand, Bridgeton Holdings recently acquired 945 Bryant St. for $27 million or $647 per square foot through an off-market transaction. The property is a 41,745-square-foot office building located in SOMA leased to creative/technology tenants.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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