{"id":1004070373,"date":"2013-04-10T06:19:38","date_gmt":"2013-04-10T14:19:38","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=116749"},"modified":"2020-04-01T00:45:35","modified_gmt":"2020-04-01T08:45:35","slug":"115-sansome-street-building-acquired-by-harvest-properties-set-for-conversion-to-creative-space","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/115-sansome-street-building-acquired-by-harvest-properties-set-for-conversion-to-creative-space\/","title":{"rendered":"115 Sansome Street Building Acquired by Harvest Properties, Set for Conversion to Creative Space"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

115 Sansome Street, a prominent corner office building located in the city\u2019s budding North Financial District, was recently acquired by a commercial real estate company. The new owner is Emeryville-based Harvest Properties, a firm specializing in investment and development. The trade was arranged by Tony Crossley and Tim Maas from Colliers International, the brokerage in charge of the listing. The value of the transaction was not disclosed by the buyer, who will also be taking over as property manager for 115 Sansome.<\/p>\n

Designed at the end of the 19th<\/sup> century and completed in 1912, the century-old structure still bears many of its original architectural features, including copper trimmed operable windows. Its ornate jewel box lobby, high ceilings, vintage design elements and generous frontage on Sansome Street, Bush Street and Treasury Place complete the 15-story office building\u2019s unique charm. The building offers a total of 128,838 square feet of office space, as well as one penthouse unit.<\/p>\n

Harvest Properties will now carry out extensive \"\"<\/a>renovations that will strip the building of its existing, more traditional tenant improvements. The company will then work with architecture firm Hooks ASD and contractor RN Field to highlight the building\u2019s strong suites through new creative office space. The new owner is betting that such a property in a location like San Francisco\u2019s North Financial District would be a welcome alternative to Class A office space or commodity space.<\/p>\n

Harvest Properties\u2019 founder and Managing Partner John Winther also mentioned that \u201cthe building\u2019s 9,000-square-foot floor plates subdivide well for small- to mid-sized tenants\u2014perhaps appealing to the start-up, high-tech or younger companies interested in an open workspace environment with a retro feel and a great address.\u201d<\/p>\n

With its activity now spanning more than a decade, Harvest Properties deals with acquiring, developing, managing and financing commercial property, primarily through joint-venture investments in northern California, making its acquisition of 115 Sansome Street and its future plans for the property a perfect fit for the company\u2019s business model.<\/p>\n

Image courtesy of user 115 <\/em>Sansome Street<\/em> via Facebook<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Harvest Properties will now carry out extensive renovations that will strip the building of its existing, more traditional tenant improvements. The company will then work with architecture firm Hooks ASD and contractor RN Field to highlight the building’s strong suites through new creative office space. The new owner is betting that such a property in a location like San Francisco’s North Financial District would be a welcome alternative to Class A office space or commodity space.<\/p>\n","protected":false},"author":41,"featured_media":1004506035,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1609],"tags":[1815],"class_list":["post-1004070373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-san-francisco","tag-national"],"acf":[],"yoast_head":"\n115 Sansome Street Building Acquired by Harvest Properties, Set for Conversion to Creative Space - 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\/115-sansome-street-building-acquired-by-harvest-properties-set-for-conversion-to-creative-space\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"115 Sansome Street Building Acquired by Harvest Properties, Set for Conversion to Creative Space\" \/>\n<meta property=\"og:description\" content=\"Harvest Properties will now carry out extensive renovations that will strip the building of its existing, more traditional tenant improvements. 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