San Francisco

TMG Partners has acquired 208 Utah St., a 75,000-square-footoffice building in San Francisco’s South Of Market. TMG purchasedthe asset from LUI SF 208 Utah LP “The 208 Utah St. building is the14th property TMG has owned or developed South of Market since1990,” says TMG Partners chairman and chief executive officerMichael Covarrubias. “It exemplifies the continuity of ourstrategy in seeking assets that are well located, tenant-focusedand appropriately priced here in the City.” The four-storybuilding, specifically located in the in the Showplace Squaredistrict of SOMA, is occupied by several high tech companies,including Flixter, Trulia and Workshare Technologies. As anumber of the leases are scheduled to roll over in the comingmonths, there is significant opportunity to improve the asset andstructure new tenancies, says TMG. TMG will first renovate thebuilding lobby while focusing on leasing to growth-orientedcompanies seeking creative “brick and timber” space in this activeneighborhood. Frank Wheeler of Colliers International representedthe seller, and TMG has hired John Jensen of Grubb and Ellis tohandle the leasing of the project.

Arroyo & Coates has acted as adviser to a privatepartnership in the $7-million disposition of Renaissance Villas, amixed-use property of 34 apartments and 2,200 square feet of retailspace in Berkeley, CA. The property was acquired by EquityResidential of Chicago. The property is composed of one- andtwo-bedroom apartment units that average 723 square feet, and tworetail spaces that total an additional 2,200 square feet. Theproject’s amenities include full-size washer/dryer units in allapartment units and 37 gated garage parking spaces. The seller wasrepresented in the transaction by Nathan Blair of Arroyo &Coates. The buyer acted on its own behalf.