{"id":1004346632,"date":"2019-08-19T11:51:21","date_gmt":"2019-08-19T19:51:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004346632"},"modified":"2019-08-20T06:46:11","modified_gmt":"2019-08-20T14:46:11","slug":"intercontintal-harvest-scoop-up-san-francisco-office-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/intercontintal-harvest-scoop-up-san-francisco-office-property\/","title":{"rendered":"JV Scoops Up Vintage San Francisco Office Property"},"content":{"rendered":"<div id=\"attachment_1004346635\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/400-Montgomery.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004346635\" data-attachment-id=\"1004346635\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/intercontintal-harvest-scoop-up-san-francisco-office-property\/400-montgomery\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/400-Montgomery.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;4.5&quot;,&quot;credit&quot;:&quot;Jeff Peters - Vantage Point Phot&quot;,&quot;camera&quot;:&quot;NIKON D810&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1554925105&quot;,&quot;copyright&quot;:&quot;\\u00a9 2019  Jeff Peters -  Vantage Point Photography Inc.&quot;,&quot;focal_length&quot;:&quot;14&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.16666666666667&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"400 Montgomery\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;400 Montgomery. Image courtesy of Intercontinental Real Estate Corp.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/400-Montgomery.jpg?w=800\" class=\"wp-image-1004346635 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/400-Montgomery.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/400-Montgomery.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/400-Montgomery.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/400-Montgomery.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004346635\" class=\"wp-caption-text\">400 Montgomery.<em> Image courtesy of Intercontinental Real Estate Corp.<\/em><\/p><\/div>\n<p>Intercontinental Real Estate Corp. in a partnership with Harvest Properties has purchased 400 Montgomery, an 85,580-square-foot office building in San Francisco\u2019s Financial District. Nuveen Real Estate sold the property for $78.5 million, according to Yardi Matrix. Harvest Properties had previously owned the building in a joint venture with Nuveen. Harvest will continue to operate the office building. The new partnership plans to recapitalize the property.<\/p>\n<hr>\n<p><strong>READ ALSO:&nbsp;<\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/san-franciscos-one-montgomery-terrace-sells-for-82m\/\">San Francisco\u2019s One Montgomery Terrace Sells for $82M<\/a><\/p>\n<hr>\n<p>The office building is situated at the corner of California and Montgomery Streets in San Francisco\u2019s North Financial District. The building also offers access to the city\u2019s public transportation, including the BART. Additionally, the office is within two miles of downtown San Francisco.<\/p>\n<p>400 Montgomery was constructed in 1901 and underwent major renovations within the last three years. The property has received upgraded building systems and infrastructure, a new lobby, improved common areas and restrooms and a complete facade restoration to preserve the building\u2019s historical aspects.<\/p>\n<p>The office is currently 91 percent leased to technology, media and banking tenants, including Hexagone, Clearmetal, WE Communications, Lightsource Renewable Energy, Bank of Guam and Sterling Bank &amp; Trust.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Intercontinental Real Estate Corp. and Harvest Properties acquired 400 Montgomery, a historic corner building in the city\u2019s Financial District. <\/p>\n","protected":false},"author":871,"featured_media":1004346635,"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":[32824,32962,37491],"class_list":["post-1004346632","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-harvest-properties","tag-intercontinental-real-estate-corporation","tag-nuveen"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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