SAN FRANCISCO-The real estate investment and management arm of Prudential Financial is in the process of acquiring Fillmore Center. The 10-building mixed-use development near the intersection of Fillmore Street and Geary Boulevard includes more than 1,000 residential units and nearly 100,000 sf of retail. Prudential Real Estate Investors says it is acquiring the three-block property on behalf of investors in an open-end commingled fund and that the transaction should close before the end of the year. The deal still needs approval from the San Francisco Redevelopment Agency.Located at 1475 Fillmore St., the 8.6-acre property was built between 1987 and 1991. It comprises 1,114 residential units, 97,581 sf of retail space, and 1,205 parking slips in five underground garages. Both the retail and the residential are approximately 95% leased. The purchase price has not yet been revealed. The seller is The Laramar Group LLC, which owns some 20,000 residential units nationally. The Laramar Group will continue to manage Fillmore Center on PREI’s behalf.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.