COLLIERS NEGOTIATES 2-BUILDING, $16 MILLION OFFICE SALE IN NO. CALIFORNIA

SAN FRANCISCO AND PETALUMA, CALIF. — On behalf of the Savoy Corp., Colliers International has handled the sale of 62,265-square-foot 170 Columbus Ave., also known as the Pansini Building, in San Francisco’s historic Jackson Square district. Part of a two-building, $16 million disposition that included a 34,399-square-foot office property located at 1455 N. McDowell Street in the Redwood Business Park in Petaluma, the five-story, 100 percent-leased Pansini Building consists of ground-floor and lower-level retail, office on the upper floors and a four-level, subterranean parking garage. Savoy, the seller, built the Pansini Building in 1985. Built in 1992, the Petaluma property is a one-story office building that is 65 percent occupied by Sonoma Technology. Colliers’ Tony Crossley and Tim Maas represented the seller in the transaction; Rona Real Estate LLC, a private investor, was the buyer.