CrossHarbor Capital Partners Acquires San Francisco Office Building For $15M

A 100,200-square-foot office building located at 55 New Montgomery Street in San Francisco has been sold for $15 million. The property was acquired by CrossHarbor Capital Partners following Swift Real Estate Partners' default on a $71.4 million loan. The building has recently undergone renovation work by Swift, which faced challenges in paying the construction bill.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $15,000,000
• Square Footage: 100,200
• Address: 55 New Montgomery Street, San Francisco
• Market: San Francisco

CrossHarbor Capital Partners, represented by Samuel Byrne and William Kremer, purchased the office building from Swift Real Estate Partners, represented by Christopher Peatross. The acquisition followed Swift's default on their loan and the subsequent disputes and lawsuits. The sale price of $15 million translates to a price per square foot of $150.