Pacific Place changes hands in San Francisco
TCS closes sale of 430,000-square-foot shopping center
By Inman News, Monday, March 8, 2004.Inman News®
Transwestern Commercial Services arranged the sale of Pacific Place, a 430,000-square-foot, mixed-use project in San Francisco, Calif.
The value of the transaction was not disclosed.
Pacific Place includes the Palomar Hotel, a 198-room hotel located at 801 Market St.; 207,000 square feet of office space located at 22 Fourth St. that is anchored by Macy's West; and a 100,000-square-foot Old Navy flagship store.
Pacific Resources sold the property to Jamestown, a real estate investment company.
Jamestown has also retained Transwestern to manage the property. Jamestown's legal counsel in the transaction was Holland & Knight LLP, while Baker & McKenzie served for Pacific Resources.
Transwestern Commercial Services is a privately held, full-service commercial real estate company.
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