Stuart Shiff Of DivcoWest And Stephen A. Schwarzman Of Blackstone Acquire San Francisco Office For $111M

The office asset at 300 Howard Street spans 420,000 square feet and is situated in the San Francisco market. It was sold for $111 million, resulting in a price per square foot of $264.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $111,000,000
• Address: 300 Howard Street
• Market: San Francisco
• Total Square Footage: 420,000
• Price per Square Foot: $264
• Buyer: Stuart Shiff - DivcoWest; Stephen A. Schwarzman - Blackstone

Stuart Shiff represents DivcoWest, and Stephen A. Schwarzman represents Blackstone in this transaction. The buyers intend to reposition the asset into an AI and tech hub, enhancing its amenities to cater to next-generation tenants.