UNION CITY, CA-Cushman & Wakefield recently represented Hearst Communications, Inc., a division of the Hearst Corporation, in the sale of 1550 Pacific Street, a former San Francisco Chronicle printing plant here. Executive director John McManus and associate director Andrew Briner of Cushman & Wakefield's Oakland office finalized the transaction on September 18.
Terms have not been disclosed. The building is 163,221 sq. ft. located on a 16.34-acre site off Interstate 880 in Union City.
The buyer, Westcore Properties, San Diego, was represented by Colliers International.
The Hearst Corporation is one of the nation's largest diversified media and information companies. Its major interests include magazine, newspaper and business publishing, cable networks, television and radio broadcasting, Internet businesses, TV production and distribution, newspaper features distribution, business information and real estate.
Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 253 offices in 60 countries and nearly 15,000 professionals. The firm has more than $3.7 billion in assets under management globally.
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