Ridge Capital Investors Acquires State Bar Of California's San Francisco Headquarters For $54M

Ridge Capital Investors acquired the State Bar of California's San Francisco headquarters at 180 Howard St. for $54 million in a sale-leaseback deal at $256 per square foot. The 211,000-square-foot office building purchase includes plans for Ridge Capital to invest additional capital in upgrades, and the State Bar will remain in the building before consolidating into 68,000 square feet under a 15-year lease.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $54,000,000
• Square Footage: 211,000
• Price Per Square Foot: $256
• Address: 180 Howard Street
• Market: San Francisco

The buyer of the property is Ridge Capital Investors, represented by David Karol. The seller is the State Bar of California. The brokers involved in the deal are Ryan Venezia and Seth Siegel from Cushman & Wakefield.