SAN FRANCISCO-The Los Angeles-based CIM Group has acquired the 371,825-square-foot 211 Main St. building in the South Financial District. The 18-story office building is fully-leased to and is the headquarters of Charles Schwab & Co., whose lease for the building runs through April of 2018.

The 211 Main St. building is one of three office properties including 221 Main St. and 101 Howard St. that are called the Booth Office Portfolio that total 825,454 square feet that were placed on the market by the Booth family, according to marketing materials from the CAC Group. CAC represented the Booth family in the sale to the CIM Group, terms of which were undisclosed. The three class A properties, which were being marketed both individually and as a portfolio, are situated on approximately 2.22 acres of contiguous land and were on the market at “well-below replacement costs,” according to the CAC marketing brochure.

The 211 Main St. building includes a 50-stall basement parking garage at the corner of Howard and Main streets. It was developed in 1973 by the Booth family and was extensively renovated in 1998. It is adjacent to the Transbay Redevelopment District, an urban infill mixed-use redevelopment project. CIM Group says that the redevelopment of the Transbay Terminal and new luxury residences and retailers in the adjacent Rincon Hill neighborhood have raised the profile of the area and increased the potential for improved asset values.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.