Harbor Group, Paramount Group Acquire 293,000 SF Office Building in San Francisco for $227M
SAN FRANCISCO — A joint venture between Harbor Group International and Paramount Group has purchased 111 Sutter Street, an office building in San Francisco’s North Financial District. An undisclosed seller sold the asset for $227 million, or $775 per square foot.
At the time of sale, the 293,000-square-foot building was 70 percent leased to a variety of technology, media, business services and nonprofit tenants.
Paramount will act as property manager for the building and oversee day-to-day operations.