Transwestern acquired the properties on behalf of its AslanRealty Partners, LP investment fund. A block away from the MosconeCenter, the acquisition includes an 11-story building at 55Hawthorne, a five-story building at 631 Howard Street as well as afive-level parking structure.
With vacancy rates hitting new lows throughout San Francisco,and the tech-fueled growth of the SOMA district, Transwestern'srecent acquisition fits in well with the Aslan strategy. The fundfocuses on undervalued assets, and those that are poised for valuecreation, as well as development projects.
The Fund closed in 1999 with commitments of $426 million.Transwestern Commercial Services will manage the twoproperties.
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