Built in two phases in 1908 and 1926, the 14-story FinancialDistrict building has 17,000 sf of retail space, 163,000 sf ofoffice space and 9,000 sf of storage space. The retail is anchoredby Walgreens and Wells Fargo. The office space was 35% leased atthe time of sale, according to G&E. The building received some$15 million in improvements shortly before its sale in 2000.

Bayview Financial's subsidiary acquired the building in December2005 from an entity of Spear Street Capital. Bayview's stated planat that time was to sell off the building floor-by-floor as one ofthe Financial District's first commercial condo conversions. Thecompany decided to sell the asset as a whole after a year ofmarketing produced few interested buyers.

Robert Dumas and Patrick Hubbard of Grubb & Ellis' SanFrancisco office have the disposition assignment. Dumas has soldthe building five times in his career. Dumas and Hubbard aremarketing the office space for lease for the new ownership, whichwas represented in its acquisition by Rick Limpert of Grubb &Ellis' San Francisco office.