SAN FRANCISCO–The 12,400-square-foot project site at 1125 Market St. has been sold to Pacific Eagle Holdings Corporation, which is a subsidiary of a Chinese investment group. The seller, MacFarlane Partners, was the previous owner of the site. CBRE represented MacFarlane Partners in the sale although the sale price was not disclosed. The property is zoned C-3-G, permitting both residential and commercial development.

It is the last remaining vacant lot in San Francisco’s rapidly transforming Central Market area (between 5th and 10th Streets). The neighborhood has long been a center for entertainment, arts and retail, with a renaissance taking place due to large employers such as Twitter, Dolby, Square, One King’s Lane and Zoosk flocking to the area. It is located directly in front of the Federal Building, across the street from UN Plaza and just east of The Strand Theater, a historic former movie house that the American Conservatory Theater is reviving as live-performance venue and education center.

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