Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO-Swig Burris Equities expects to close this month on 450 Sansome, a 132,000-sf multi-tenant office building in Downtown San Francisco that it has put under contract to purchase for $28 million, according to local sources. The New York-based company plans to turn the 16-story structure into “a luxury boutique office building.” The building was completed in 1965 and is currently about 40% vacant. Renovations will include an upgraded lobby and entrance; upgraded elevator cabs; new core bathrooms; new sprinkler systems; and new multi-tenant floor upgrades for newly signed leases within the building. Swig Burris Equities principal Kent Swig says he expects to fill the building over the next 18 months. The acquisition by Swig follows that company’s recent acquisition, renovation and leasing of four major Downtown New York City properties comprising over 1.5 million sf. Those properties include, 80 Broad Street; 48 Wall Street; 44 Wall Street; and 5 Hanover Square. Swig Burris Equities, LLC is a real estate development, investment and management firm. Over the past few years, Swig Burris Equities has purchased and is in the process of developing in excess of $450 million of properties. 450 Sansome will be the company’s first San Francisco purchase since the company had to hand back 80 Natoma to its lender 2002.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.