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Jackson Square Location Proves Valuable When Asset Trades

Brick and Timber Collective LLC recently snapped up 900 Kearney for $27 million from sellers Newcastle Partners Inc. and partner Drake Real Estate Partners after the JV’s successful renovation campaign.

900 Kearny 900 Kearny St. is a 30,000-square-foot six-story office building located in Jackson Square.

SAN FRANCISCO—Built in 1989, 900 Kearny St. is located in the Jackson Square submarket near public transportation, retail, restaurants and executive housing. Buyer Brick and Timber Collective LLC recently snapped up the asset for $27 million.

Newcastle Partners Inc., a San Francisco-based real estate investment and development company, together with its partner Drake Real Estate Partners, sold the 30,000-square-foot six-story office building. The joint venture acquired the asset in March 2017 for $17 million.

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Lisa Brown

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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