Investcorp unloads buildings in New Jersey, California

Investcorp has sold a portfolio of four office buildings in Northern New Jersey, as well as one mixed-use property in San Francisco, Calif., for undisclosed prices.

Investcorp, in partnership with Wilson Meany Sullivan LLC, sold One Powell Street in downtown San Francisco to SPI Holdings LLC. One Powell Street was originally built by the Bank of Italy (later Bank of America) as its headquarters in 1921. The historic American Renaissance-style structure is eight stories high and totals approximately 80,000 square feet.

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