In the larger of the two deals, Broadreach paid Bay PacificCorp. $58 million or $295 per sf for a 10-story, 196,630-sf (netrentable) building that sits at 550 Kearney St. in the NorthFinancial District. The first six stories of the building werebuilt in 1956, the remainder in 1981. The property includessubterranean parking for approximately 150 cars. The property is50% leased.

Broadreach senior director Trevor Wilson, who oversees thefirm's investment activities in San Francisco and the PacificNorthwest, tells GlobeSt.com the bulk of the vacancy came in 2006when the building's primary tenant, a federal bankruptcy court,vacated the premises. "What it allows us to do is go in and puttraditional office tenants in the building," says Wilson, addingthat class B office rents in the area range from the high $30s- tomid-$40s per sf, full service.

In the other deal, Broadreach paid Archstone-Smith $42.7 millionor $197 per sf for the 216,600-sf (net rentable) office componentof Fox Plaza, a 29-story, mixed-use tower built in 1964 in theCivic Center section of the South of Market (SOMA) neighborhood.Located at 1390 Market St., the building's office space is locatedon the first 12 floors and is 84% occupied. The upper floorscontain residential apartments.