Chicago commercial investor sinks money into San Francisco

Buys 1920s space downtown

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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. ...