Strada Investment Group Acquires 201 Spear Street Office Building In San Francisco For $70M

PGIM Real Estate Finance is selling a 252,600-square-foot office building located at 201 Spear Street in Downtown San Francisco for nearly $70 million. The property is being acquired by Strada Investment Group, amidst declining value and occupancy. WeWork and Google currently serve as tenants for the office building.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $70,000,000
• Square Footage: 252,600
• Price per Square Foot: $277
• Address: 201 Spear Street, San Francisco
• Market: San Francisco

The buyer of the property is Strada Investment Group, represented by Michael Cohen and Jesse Blout. The seller is Prudential Financial, represented by Charles F. Lowrey. The transaction was facilitated by Eastdil Secured.