Rubicon Point Partners Acquires San Francisco Office Building For $72M

An office property located at 123 Townsend Street in San Francisco has been sold for $72,000,000. The property spans a total area of 137,624 square feet, resulting in a price per square foot of $523. The transaction involved Rubicon Point Partners as the buyer and CBRE Investment Management as the seller.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $72,000,000
• Address: 123 Townsend Street, San Francisco
• Market: San Francisco
• Square Footage: 137,624
• Price Per Square Foot: $523
• Buyer: Rubicon Point Partners
• Seller: CBRE Investment Management

The transaction was facilitated by the brokers Steven Golubchik, Edmund Najera, Jonathan Schaefler, and Darren Hollak from Newmark. They played a key role in connecting the buyer and seller and ensuring the successful completion of the deal.