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In March, a fund managed by Shorenstein Properties LLC acquired Market Square in San Francisco for approximately $124 per square foot, or just around $110 million. The 1.1-million-square -foot building is a historic structure with a full block of retail and high-tech commercial space. Shorenstein intends to revamp the property into a class A office facility with retail amenities, large floor plates, high ceilings, Art Deco features and underground parking.

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