San Francisco, CA

CBRE Arranges $71 Million Sale of Creative Office Building in San Francisco’s SOMA District to The Sobrato Organization

May 4, 2022

180 Townsend Street, San Francisco, CA (credit: Jeff Peters of Vantage Point Photography)

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CBRE Capital Markets announced the $71 million all-cash sale for a creative office building in San Francisco’s South of Market (SOMA) district to The Sobrato Organization, a Silicon Valley-based real estate developer. The Property is fully leased through January 2031 to Andreessen Horowitz, one of the top venture capital firms in the world.

Michael Taquino, Kyle Kovac, Giancarlo Sangiacomo, and Alec Haley of CBRE Capital Markets Team represented the seller, DivcoWest in the transaction.

The 40,917-sq.-ft property, located at 180 Townsend Street, is positioned near Oracle Park, Chase Center and San Francisco Caltrain station. The building was recently renovated with over $20 million (±$500 PSF) of capital investment making it one of the top creative office buildings in the City.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.