The asset involved in this transaction is an office property located at 500 Washington Street in San Francisco. The property encompasses 115,568 square feet and was sold for a total price of $32,700,000, equating to a price per square foot of $283.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $32,700,000
• Address: 500 Washington Street
• Market: San Francisco
• Buyer: Glenn Gilmore & Jesse Feldman - Brick & Timber Collective
• Seller: Public Policy Institute of California
• Broker: Robert Gilley - Colliers
• Square Footage: 115,568
• Price Per Square Foot: $283

Glenn Gilmore and Jesse Feldman, representing Brick & Timber Collective, have acquired the headquarters of the Public Policy Institute of California, demonstrating the firm's strategy to invest significantly in office properties within San Francisco amid favorable market conditions. Robert Gilley from Colliers facilitated the transaction.