{"id":1004170418,"date":"2017-03-28T06:52:42","date_gmt":"2017-03-28T14:52:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004170418"},"modified":"2022-12-09T00:55:03","modified_gmt":"2022-12-09T08:55:03","slug":"th-real-estate-acquires-sf-soma-office","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/th-real-estate-acquires-sf-soma-office\/","title":{"rendered":"TH Real Estate Acquires SF SoMa Office"},"content":{"rendered":"<p>By Ariela Moraru<\/p>\n<div id=\"attachment_1004170420\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/539-Bryant-St.-San-Francisco.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004170420\" data-attachment-id=\"1004170420\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/th-real-estate-acquires-sf-soma-office\/539-bryant-st-san-francisco\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/539-Bryant-St.-San-Francisco.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"539 Bryant St., San Francisco\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;539 Bryant St., San Francisco&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/539-Bryant-St.-San-Francisco.jpg?w=800\" class=\"size-medium wp-image-1004170420\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/539-Bryant-St.-San-Francisco.jpg\" alt=\"539 Bryant St., San Francisco\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/539-Bryant-St.-San-Francisco.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/539-Bryant-St.-San-Francisco.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/539-Bryant-St.-San-Francisco.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004170420\" class=\"wp-caption-text\">539 Bryant St., San Francisco<\/p><\/div>\n<p><strong>San Francisco\u2014<\/strong>TH Real Estate has acquired a 59,868-square-foot-office building at 539 Bryant St. in San Francisco\u2019s South of Market submarket. The property is\u00a0fully occupied by tenants such as HoneyBook, Life360, Sauce Labs, HKS Architects and Gigwalk.<\/p>\n<p>\u201cWe have acquired a core asset that has the potential to offer premium-over-core returns throughout a long-term hold,\u201d said Rich Kimble, senior director &amp; head of the Northwest region for TH Real Estate, in prepared remarks. \u201cWe believe we can strategically manage tenant rollover and that the SoMa submarket &#8211; which is home to the city\u2019s leading technology companies &#8211; will remain the epicenter for these tenants.\u201d<\/p>\n<p>The 4-story building was first developed as a warehouse in 1912, and then converted in 1983. PMI Properties sold the asset to Zurich Alternative Asset Management for $35.2 million in 2013. The asset features open floor plans, large operable windows, concrete floors, high exposed ceilings and gets abundant natural light.<\/p>\n<p>The office building is located close to retail amenities, South Park, San Francisco Giants\u2019 AT&amp;T Park and Mission Bay. The property also offers easy access to the I-80, I-280, Highway 101, San Francisco Caltrain station, numerous Muni bus and light-rail stops and Central Subway line which is scheduled for completion in 2019.<\/p>\n<p><em>Image courtesy of TH Real Estate<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 59,868-square-foot-office building is a 1912 warehouse that was converted into office in 1983.<\/p>\n","protected":false},"author":960,"featured_media":1004170420,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,1609,15],"tags":[34659,32870],"class_list":["post-1004170418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-san-francisco","category-west","tag-pmi-properties","tag-th-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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