Built in 1979, the 25-story office tower is 98.4%leased. Tenantsinclude Bank of the West, Ameriprise, Daoro Zydel, IntermediaryInsurance and Schneider & Wallace. The seller, TMG Partners,also of San Francisco, acquired the financial district asset in2000 for approximately $89 million from Carlyle Group ofWashington, DC, which two years earlier acquired the building for$67 million.

Swig Co. president Jeanne Myerson tells GlobeSt.com that itsbusiness plan for 180 Montgomery includes a makeover meant to matchthe building's ground-floor appeal to the quality of its addressand office space. "The building is in a great location and itsspace lays out very well for tenants but the lobby is not excitingand the street-level window line and exterior lighting aresuboptimal," she says. "Right now, it's plain jane--a solid,servicable building that, when you say 'I'm going to 180Montgomery' people have to think about which one it is because itdoesn't create a strong mental picture. We see the ability to moveit from its grouping of class A-minus competition to a higher classA grouping, and with that capture better economics."

The Swig Co.'s 9 million-sf office portfolio includesapproximately 2 million sf in San Francisco, including: The MillsBuilding at 220 Montgomery Street; The Russ Building at 235Montgomery Street; 115 Sansome Street; and 369 Pine Street, all inthe financial district; and 501 Second Street and 633 Folsom Streetin the South of Market (SoMa) district. The company also ownscommercial development sites at 350 Bush Street and 500 Pine Streetin san Francisco, Kaiser Center in Oakland and 444 Castro Street indowntown Mountain View.