
SAN FRANCISCO—555 De Haro is located next to historic Anchor Brewery in Potrero Hill. The building was originally a soap factory located at the southeast corner of Rhode Island and 17th (Santa Clara) streets. The building was relocated two blocks to its current location in 1917. It was redeveloped for office use in 1980.
The Swig Company acquired the historic building in July 2014 in partnership with San Francisco residential developer Build Inc. The partnership immediately embarked on a renovation of the building, upgrading the property's interior space, improving the efficiency of the building's systems and repositioning 555 De Haro to appeal more broadly to today's creative businesses. The building has rooftop solar panels, and multiple DSL and cable broadband options as well as onsite bicycle storage and tenant parking.
Swig just sold the 50,021-square-foot office, production, distribution and repair building. The off-market sale was completed at an undisclosed price last week, although GlobeSt.com learns the price was $27 million and the buyer is Bridgeton Holdings. Holliday Fenoglio Fowler was the broker on the transaction.
“As great stewards of historical properties in San Francisco, we saw the opportunity to implement a sensitive renovation of the property to enhance aesthetics and modernize building systems to heighten the building's appeal to creative workspace occupiers,” said Connor Kidd, Swig's vice president of investments. “555 De Haro is a beautiful gem with its exposed wood beams, open floorplans, and overall charm and character. We are proud of our contributions to the success of this building and for our role in positioning this wonderful property to attract users long into the future.”
The property is 100% leased to a variety of tenants including an architectural firm, a venture capital firm, a nonprofit and post-secondary education use. The local neighborhood features several cafes and restaurants, and 555 De Haro sits two blocks from a Whole Foods Market as well as the on-ramp to Highway 101.
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