Private investor bags San Francisco office property

Mid-rise property 40% vacant at closing

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Grubb & Ellis Co. announced that Swig Burris Equities, a New York-based private investor, recently purchased a 131,462-square-foot office building in San Francisco, Calif. The transaction was valued at $28 million. The 16-story building, which was built in 1967, is located at 450 Sansome St. The property was 60 percent leased at the time of sale. The seller was GMACCM. Grubb & Ellis represented the seller in the transaction. The buyer represented itself. Grubb & Ellis Co. is a global provider of integrated real estate services. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....