X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
555/575 Market 555/575 Market is a two-building office complex comprising 753,000 square feet (credit: Henrik Kam).

SAN FRANCISCO—In August 2019, Paramount entered into an agreement to acquire Market Center, a two-building class-A office complex comprising 753,000 square feet, located in the South Financial District. The complex consists of 555 Market St. and 575 Market St. which were Chevron’s former headquarters, comprising 280,000 square feet and 473,000 square feet, respectively. The purchase price is approximately $722 million or $959 per square foot. The transaction will be closing by the end of the year.

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.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.