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.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top