The retail building is 100% occupied by United Colors ofBenetton and is the Benetton flagship store in San Francisco. Theproperty is situated directly across from the Barneys New Yorkstore that is scheduled to open this fall and is a neighbor to suchother brand names as Louis Vuitton, Gucci, Neiman Marcus and theApple Store.
The acquisition follows a Kemper strategy designed to acquire aportfolio of luxury retail properties. Kemper says his goal is to"assemble one of the finest collections of high-end real estate inthe very best retail areas of North America and Europe."
Kemper recently bought more than 50,000 sf of retail space inChicago's landmark Palmolive Building. The location is along asection of the North Michigan Avenue shopping district known as theMagnificent Mile.
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