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55 Second St. 55 Second St. has nearly column-free floorplates with multiple accessible outdoor terraces.

SAN FRANCISCO—Paramount has entered into an agreement to acquire 55 Second St., a 387,000-square-foot trophy office building located in the South Financial District, for approximately $408 million or $1,054 per square foot. The transaction, which is subject to customary closing conditions, is expected to close in the third quarter of 2019. In connection with the transaction, the company expects to bring in a joint venture partner prior to closing.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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