Sean Bannon Of Zurich Alternative Asset Management Acquires Office Building From Steve O'Connell For $32.8M

The office building located at 394 Pacific Avenue in San Francisco encompasses 54,700 square feet and was sold for $32.8 million, equating to approximately $600 per square foot. This transaction highlights the market dynamics in San Francisco, particularly in high-performing urban submarkets.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $32,800,000
• Address: 394 Pacific Avenue
• Market: San Francisco
• Square Footage: 54,700
• Price per Square Foot: $600
• Buyer: Sean Bannon - Zurich Alternative Asset Management
• Seller: Steve O'Connell - Grosvenor Americas

Sean Bannon represents Zurich Alternative Asset Management in the acquisition, while Steve O'Connell represents Grosvenor Americas in the sale. The deal targets a boutique "micronode" in Jackson Square, reflecting Zurich Alternative Asset Management’s strategic focus on urban submarkets.