Chicago commercial investor sinks money into San Francisco

Grubb & Ellis Co. recently announced that M&J Wilkow Properties, a Chicago-based real estate firm, purchased a 147,989-square-foot office building in the North Financial District of downtown San Francisco.

The value of the transaction was not disclosed.

The eight-story building, built in 1929 and featuring art-deco architecture, is located at 500 Sansome St. It was renovated in 1961, 1986 and 2001.

WXI/SAN Realty LLC of Newport Beach sold the asset, which was 88.5 percent leased at the time of sale.

Grubb & Ellis Co. is a full-service commercial real estate organization operating worldwide.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.