Matthew Stevens Of Bay Club Cos. Acquires Mixed-use Property From Mark Gabbay For $65M

A mixed-use asset located at 1 Lombard Street, 150 Greenwich Street & 1444 Sansome Street in the San Francisco market was sold for $65,000,000. The property encompasses 150,000 square feet, resulting in a price per square foot of $433.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $65,000,000
• Buyer: Matthew Stevens - Bay Club Cos.
• Seller: Mark Gabbay - LaSalle Investment Management
• Broker: Mike Taquino - CBRE

Bay Club acquired the entire San Francisco Northern Waterfront block from LaSalle Investment Management, solidifying its flagship campus across more than 150,000 square feet. This acquisition aligns with Bay Club's strategy to expand its member-based campus presence throughout California, with advisory support from CBRE.