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SAN FRANCISCO-The Jenkintown, PA-based REIT acquires the 373,500-sf class A office building for $135.7 million. The seller, Charles Schwab & Co., has leased back 100% of the building for 20 years at an annual rental rate of $10.8 million, or about $28.90 per sf.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
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