more_sales_and_leases

SAN FRANCISCO – A global investment manager has purchased a 75,523-square-foot creative office property for $48.2 million. The transit-oriented building is located at 1019 Market Street. The space is situated within one block of the Civic Center and Power Street BART/Muni subway stations. It is within two blocks of the future Central Subway project, which will provide access to Caltrain with connections to the Peninsula and Silicon Valley. The building was originally constructed in 1909. It was completely redeveloped in 2013. The space is fully leased to cloud-based customer service firm Zendesk. There is also a small ground-floor, triple-net retail tenant that’s signed on for 10 years. The seller, a joint venture between certain affiliates of Westport Capital Partners LLC and Cannae Partners LLC, was represented by HFF’s Steven Golubchik, Nicholas Bicardo, John Simerlein, Nathan Blair and Josh DiSalle.

LOS ANGELES – Manning & Kass, Ellrod, Ramirez, Trester LLP has renewed its lease for 80,328 square feet of office space in Downtown Los Angeles. The space is located at 801 S. Figueroa Street. The law firm has used the Class A tower as its corporate headquarters since 2006. It occupied floors 12 through 16. This transaction included a restructure of the firm’s existing commitment, as well as a long-term lease extension.