The 211 Main St. building is one of three office propertiesincluding 221 Main St. and 101 Howard St. that are called the BoothOffice Portfolio that total 825,454 square feet that were placed onthe market by the Booth family, according to marketing materialsfrom the CAC Group. CAC represented the Booth family in the sale tothe CIM Group, terms of which were undisclosed. The three class Aproperties, which were being marketed both individually and as aportfolio, are situated on approximately 2.22 acres of contiguousland 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 parkinggarage at the corner of Howard and Main streets. It was developedin 1973 by the Booth family and was extensively renovated in 1998.It is adjacent to the Transbay Redevelopment District, an urbaninfill mixed-use redevelopment project. CIM Group says that theredevelopment of the Transbay Terminal and new luxury residencesand retailers in the adjacent Rincon Hill neighborhood have raisedthe profile of the area and increased the potential for improvedasset values.

The CIM Group's holdings in the Bay Area include other officebuildings in San Francisco and approximately 1.7 million squarefeet of office properties and two hotels in Oakland. It also owns22 apartment buildings totaling 418 units in San Francisco.