TMG Partners And Bridges Capital Acquire 80K SF Office In San Francisco From U.S. Bank

The asset involved in this transaction is an office property located at 149 New Montgomery Street, San Francisco. The building has a total square footage of 80,000 and consists of six stories. It was originally built in 1907 and is situated in the South Financial District of San Francisco. The property was acquired through a deed in lieu of foreclosure after the purchase of the mortgage loan from U.S. Bank.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 149 New Montgomery Street
• Market: San Francisco
• Asset Size: 80,000 SF
• Buyer: Michael A. Covarrubias & Benjamin Kochalski - TMG Partners; Bridges Capital
• Seller: U.S. Bank

Michael A. Covarrubias and Benjamin Kochalski are associated with TMG Partners and Bridges Capital, respectively, representing the buyers in this transaction. The acquisition of the property by TMG Partners and Bridges Capital includes the assumption of the mortgage loan which was previously held by U.S. Bank.