{"id":1004057308,"date":"2013-01-08T07:28:31","date_gmt":"2013-01-08T15:28:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004057308"},"modified":"2022-12-08T14:17:16","modified_gmt":"2022-12-08T22:17:16","slug":"wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\/","title":{"rendered":"Wells REIT II Acquires 657 KSF Office Tower in San Francisco"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

Wells Real Estate Investment Trust II, Inc. has acquired 333 Market Street, a 33-story Class A office tower in the heart of San Francisco\u2019s Financial District, for a reported $447 million from the Korean Federation of Community Credit Cooperatives.<\/p>\n

\u201cWe are pleased to add this trophy quality asset to the Wells REIT II portfolio,\u201d said Nelson Mills, Wells REIT II\u2019s president. \u201cThis strategic acquisition in one of the nation\u2019s premier office markets helps to further improve the institutional-quality of the portfolio overall.\u201d<\/p>\n

Constructed in 1979 and designed by Gin Wong Associates, the 657,000-square-foot building has undergone more than $80 million in capital investments and tenant improvements over the past eight years.<\/p>\n

The Korean Federation of Community Credit Cooperatives originally purchased the building in 2010 from the Principal Financial Group for $333 million, or $507 a square foot.<\/p>\n

The building is currently fully leased to Wells Fargo Bank, N.A., the fourth-largest bank in the U.S. by assets and the largest bank by market capitalization.<\/p>\n

The Atlanta-based Wells REIT II portfolio currently consists of 82 office buildings in 20 states and Washington, D.C., and one international property, collectively covering approximately 21 million square feet.<\/p>\n

For the transaction, Wells REIT II was represented internally by Keith Willby, senior vice president, capital markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wells Real Estate Investment Trust II has acquired 333 Market St., a 33-story Class A office tower in the heart of San Francisco\u2019s financial district, for a reported $447 million from the Korean Federation of Community Credit Cooperatives.<\/p>\n","protected":false},"author":451,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,1609,15],"tags":[],"class_list":["post-1004057308","post","type-post","status-publish","format-standard","hentry","category-investment","category-latest","category-office","category-san-francisco","category-west"],"acf":[],"yoast_head":"\nWells REIT II Acquires 657 KSF Office Tower in San Francisco - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wells REIT II Acquires 657 KSF Office Tower in San Francisco\" \/>\n<meta property=\"og:description\" content=\"Wells Real Estate Investment Trust II has acquired 333 Market St., a 33-story Class A office tower in the heart of San Francisco\u2019s financial district, for a reported $447 million from the Korean Federation of Community Credit Cooperatives.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-08T15:28:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:17:16+00:00\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"Wells REIT II Acquires 657 KSF Office Tower in San Francisco\",\"datePublished\":\"2013-01-08T15:28:31+00:00\",\"dateModified\":\"2022-12-08T22:17:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\\\/\"},\"wordCount\":220,\"commentCount\":0,\"articleSection\":[\"Investment\",\"News\",\"Office\",\"San Francisco\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\\\/\",\"name\":\"Wells REIT II Acquires 657 KSF Office Tower in San Francisco - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"datePublished\":\"2013-01-08T15:28:31+00:00\",\"dateModified\":\"2022-12-08T22:17:16+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wells REIT II Acquires 657 KSF Office Tower in San Francisco\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\",\"name\":\"Keith Loria\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"caption\":\"Keith Loria\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/keith-loria\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Wells REIT II Acquires 657 KSF Office Tower in San Francisco - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\/","og_locale":"en_US","og_type":"article","og_title":"Wells REIT II Acquires 657 KSF Office Tower in San Francisco","og_description":"Wells Real Estate Investment Trust II has acquired 333 Market St., a 33-story Class A office tower in the heart of San Francisco\u2019s financial district, for a reported $447 million from the Korean Federation of Community Credit Cooperatives.","og_url":"https:\/\/www.commercialsearch.com\/news\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-01-08T15:28:31+00:00","article_modified_time":"2022-12-08T22:17:16+00:00","author":"Keith Loria","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\/"},"author":{"name":"Keith Loria","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f"},"headline":"Wells REIT II Acquires 657 KSF Office Tower in San Francisco","datePublished":"2013-01-08T15:28:31+00:00","dateModified":"2022-12-08T22:17:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\/"},"wordCount":220,"commentCount":0,"articleSection":["Investment","News","Office","San Francisco","West"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\/","url":"https:\/\/www.commercialsearch.com\/news\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\/","name":"Wells REIT II Acquires 657 KSF Office Tower in San Francisco - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"datePublished":"2013-01-08T15:28:31+00:00","dateModified":"2022-12-08T22:17:16+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/wells-reit-ii-acquires-657-ksf-office-tower-in-san-francisco\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Wells REIT II Acquires 657 KSF Office Tower in San Francisco"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f","name":"Keith Loria","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","caption":"Keith Loria"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/keith-loria\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004057308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/451"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004057308"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004057308\/revisions"}],"predecessor-version":[{"id":1004622876,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004057308\/revisions\/1004622876"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004057308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004057308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004057308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}