Redco & GCI Acquire 300 California St. Office Building From LeFrak For $28M

The 119,000-square-foot office building located at 300 California Street in San Francisco has been acquired by Redco Development and GCI General Contractors for $28 million from the seller, Richard S. LeFrak. The property, built in 1946, offers 62,000 square feet of available leasing space.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $28,000,000
• Address: 300 California Street
• Market: San Francisco
• Buyer: Chris & Jason Freise - Redco Development; Pete Goldsmith - GCI General Contractors
• Seller: Richard S. LeFrak - LeFrak
• Square Footage: 119,000
• Price Per Square Foot: $235

Chris & Jason Freise from Redco Development and Pete Goldsmith from GCI General Contractors are the buyers of the office building at 300 California Street. The seller, Richard S. LeFrak, had initially purchased the property in 2014 for $58.25 million.