SAN FRANCISCO, CA—A joint venture between certain affiliates ofWestport Capital Partners LLC and CannaePartners LLC have closed on the sale of 1019 Market St.The buyer, a global investment manager, paid $48.25 million for theproperty and assumed the property free and clear of debt.
HFF represented the seller of the75,523-square-foot building. The transit-oriented creative officeproperty is located in San Francisco's Mid-Market District.
Originally built in 1909, 1019 Market was completelyre-constructed in 2013. The redeveloped property blends historicfeatures such as classical Corinthian-style columns, exposed brickand timber interiors, and floor-to-ceiling glass line with modernstadium-like collaborative meeting areas, high-end creative officespace finishes and an exterior LED lighting system.
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