Ascendas Real Estate Investment Trust Acquires Office Buildings In SoMa, San Francisco For $560.2M

510 Townsend Street, San Francisco, CA, USA

$560,200,000

$1,258/SF

Building Size

445,324 SF

Asset Type

Office

Closing

Nov 10, 2020

AI

Ascendas Real Estate Investment Trust has acquired a office property in SoMa, San Francisco for the price of $560,200,000. The property, located at 510 Townsend Street & 505 Brannan Street, spans an area of 445,324 square feet. The transaction reflects a price per square foot of $1,257.

Summary of transaction details:

Property Type: Office
Transaction Amount: $560,200,000
Address: 510 Townsend Street & 505 Brannan Street
Market: SoMa, San Francisco
Tenants: Stripe & Pinterest
Buyer: Ascendas Real Estate Investment Trust - William Tay
Seller: B505 Industries LLC & ARE-San Francisco No. 47 LLC
SF: 445,324
PPSF: $1,257

The buyers were represented by William Tay of Ascendas Real Estate Investment Trust. Meanwhile, the sellers were B505 Industries LLC and ARE-San Francisco No. 47 LLC. The transaction took place on November 11, 2020.

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