Alon Bar Of Yoda Plc Acquires Transamerica Pyramid Center In San Francisco For $691.6M

The office asset located at 600 Montgomery Street in San Francisco has a sale price of $691,600,000. The property encompasses a total square footage of 750,000 with a price per square foot of approximately $922. Notably, the landmark 48-story tower within this complex was acquired at a price of $1,170 per square foot, marking a significant transaction in the San Francisco market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $691,600,000
• Buyer: Alon Bar - Yoda Plc
• Seller: Michael Shvo - SHVO; Deutsche Finance America
• Square Footage: 750,000
• Price Per Square Foot: $922
• Sale Price for the Tower: $1,170/SF

This acquisition positions Yoda Plc as the new owner of the iconic Financial District complex, which is anchored by multiple tenants. The transaction represents the largest office trade in San Francisco since 2021 and was facilitated by the collaboration between Alon Bar representing Yoda Plc and Michael Shvo alongside Deutsche Finance America as sellers.