Source: CommercialEdge<\/em><\/p>\n 505 Brannan<\/p><\/div>\n The\u00a0137,446-square-foot low-rise property changed hands in a $560.2 million portfolio transaction<\/a> along with the 294,580-square-foot building located at 510 Townsend St., also included on our list.\u00a0Ascendas Reit\u2019s acquisition represents the Singapore-based fund\u2019s first foray into the San Francisco market.\u00a0Alexandria Real Estate Equities sold the 2018-completed buildings.<\/p>\n Serving as one of Pinterest\u2019s headquarters, the TMG-designed 505 Brannan is LEED Platinum certified and features\u00a0a two-story lobby with a cafe\/sandwich shop and a\u00a0rooftop deck. The six-story SoMa building was developed\u00a0on the former surface parking lot of a bank and is near\u00a0the CalTrain Station.<\/p>\n 2700 \u2013 2770 Sand Hill Road<\/p><\/div>\n In early 2020, DivcoWest paid Ford Land Co. $243.1 million for\u00a02700 \u2013 2770 Sand Hill Road, a Class A office campus in Menlo Park, Calif. The sale was part of a $610 million portfolio transaction<\/a>\u00a0that included a larger office building covered later in our list. Bank of America provided the buyer with a $320 million acquisition loan.<\/p>\n Built in 1993, the 115,220-square-foot asset traded for the first time since its completion. The property encompasses seven two-story buildings located halfway between San Francisco and San Jose. The complex is home to KPCB, JPMorgan Chase and Silicon Valley Bank, as well as various venture capital firms and health-care tenants.<\/p>\n 5900 Wilshire<\/p><\/div>\n At 433 feet, 5900 Wilshire is the tallest building in Los Angeles\u2019\u00a0Miracle Mile\u00a0district and the second-tallest in the\u00a0Wilshire area. The 31-story skyscraper changed hands in the first quarter of 2020 when Rockpoint Group purchased it from a partnership of PGIM Real Estate, The Ratkovich Co. and AXA Capital. The $303.4 million sale was subject to a $163.5 million loan held by Metropolitan Life Insurance Co.<\/p>\n The 452,764 square-foot building, located in the Wilshire corridor, across from the Los Angeles County Museum of Art, includes first- and second-floor retail totaling 22,000 square feet. Constructed between 1968 and 1971, the building underwent a $34 million renovation spearheaded by architectural firm Johnson Fain in 2008. In 2014, the building became the official West Coast headquarters for SBE Entertainment Group.<\/p>\n READ ALSO:<\/strong> Top 10 LEED-Certified Buildings in California in 2020<\/a><\/p>\n Miracle Mile Tower<\/p><\/div>\n Last March, Rockpoint Group acquired 5455 Wilshire Blvd., another landmark building in the Miracle Mile neighborhood. The 225,000-square-foot Miracle Mile Tower changed hands in a $312 million deal. The seller was Jamison Services, which purchased the asset from Mackinac Partners in 2002 for $19.9 million.<\/p>\n The 1960-built asset rises 22 stories and includes a 3,000-square-foot first-floor retail component, as well as five levels of parking. The tenant roster includes Gnet, Velocity Entertainment Partners, Black Box Management, alongside various architecture and law firms. Rockpoint owns multiple office towers in the area, including the 27-story 5670 Wilshire Blvd.,\u00a0purchased\u00a0in 2017 from Blackstone Group.<\/p>\n Five Point Gateway \u2013 15101 & 15191 Alton Parkway<\/p><\/div>\n PRP Real Estate Investment Management\u2019s acquisition of the two largest buildings at the Five Point Gateway office complex in Irvine represents the only office deal closed in Orange County on this list. The company paid $355 million for 15101 & 15191 Alton Parkway in Irvine. Santander Bank provided a $228.5 million acquisition loan.<\/p>\n Completed in 2017, the five-story buildings total 660,893 square feet and will be fully occupied by Broadcom until October 2027. Located on 26 acres at the corner of the Great Park Neighborhoods planned community, the property is less than 3 miles from interstates 5 and 405.<\/p>\n 510 Townsend Street<\/p><\/div>\n Ascendas Reit paid $363.7 million for 510 Townsend St., the second asset sold by Alexandria Real Estate Equities as part of its strategy to focus on the life sciences sector. The seven-story building features a landscaped mini-plaza and a roof deck with a large urban garden.<\/p>\n The 2018-completed property was a built-to-suit project for Stripe, deemed\u00a0Silicon Valley\u2019s most\u00a0valuable startup in April 2020. Although its lease runs through 2027, the fintech company announced its plans to relocate this year to Kilroy Realty\u2019s Oyster Point development in South San Francisco\u2014one of the largest upcoming office buildings<\/a> in the metro\u2014and subsequently sublease its space at 510 Townsend St.<\/p>\n 3000 Sand Hill Road<\/p><\/div>\n The fifth office transaction on our list involves the larger property DivcoWest acquired from Ford Land Co. back in January 2020. Encompassing 182,606 square feet across two stories, the 1971-built asset changed hands in a deal valued at $366.9 million. Tenants include GGV Capital, Hightower and The Sobrato Organization, among others.<\/p>\n The above-mentioned portfolio, alongside the nearby Quadrus campus DivcoWest purchased in 2011, is known as The Sand Hill Collection, a 550,000-square-foot corporate campus adjacent to Interstate 280 and strategically located close to Stanford University\u2019s talent pool.<\/p>\n Genesis \u2013 South Tower<\/p><\/div>\n At the beginning of 2020, Ventas formed its own life sciences and health-care fund,<\/a>\u00a0and later that year, the REIT acquired Genesis South<\/a> San Francisco from a joint venture between Bain Capital Real Estate and Phase 3 Real Estate Partners. The three-building life sciences campus comprises Genesis \u2013 South Tower, Genesis \u2013 North Tower and Genesis 4000 Shoreline. The property traded for $1 billion, with Citibank and JPMorgan Chase providing $415 million in acquisition funding.<\/p>\n The 324,986-square-foot Genesis \u2013 South Tower is located on 15 acres at 1 Tower Place in South San Francisco and includes 13,900 square feet of retail on the first floor. The 12-story midrise was completed in 2009, underwent a complete revamp in 2016 and traded for nearly $420 million, almost double the amount the Phase 3 Real Estate Partners joint venture paid for it in 2015.<\/p>\n U.S. Bank Tower<\/p><\/div>\n California\u2019s third-largest office transaction was Silverstein Properties\u2019 $430 million acquisition of the third-tallest building in the state\u2014the iconic U.S. Bank Tower in downtown Los Angeles. The transaction was subject to a $274.9 million loan held by Athene USA. The seller, Singapore-based Overseas Union Enterprise, purchased the building in 2013 for $367.5 million from MPG Office Trust.<\/p>\n Built between 1987 and 1990, the 75-story skyscraper was previously known as Library Tower, then as First Interstate World Center. The high-rise encompasses 1.4 million square feet of office space and includes an 82,524-square-foot retail component.<\/p>\n The Transamerica Pyramid<\/p><\/div>\n After owning The Transamerica Pyramid building since its completion in 1981, Transamerica Corp., a division of Dutch insurer Aegon, sold the asset to New York-based SHVO<\/a>. The 501,456-square-foot, Class A property\u00a0changed hands last October for nearly $490 million as part of a $650 million transaction involving the other two office buildings within The Transamerica Pyramid Center, 505 Sansome St. and 545 Sansome St. Aegon funded the sale with $495 million in acquisition financing.<\/p>\n The 48-story asset is located at 600 Montgomery St. in the city\u2019s Financial District and was San Francisco\u2019s tallest skyscraper until the 1,070-foot Salesforce Tower topped out in 2018.\u00a0Notable tenants include JMP Group and Northwestern Mutual.<\/p>\n10. 505 Brannan, San Francisco<\/h2>\n
![\"\"](\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/505-Brannan-1.jpg\")
<\/a>9. 2700 \u2013 2770 Sand Hill Road, Menlo Park<\/h2>\n
<\/a>9.\u00a05900 Wilshire, Los Angeles<\/h2>\n
<\/a>
\n
\n8.\u00a0Miracle Mile Tower, Los Angeles<\/h2>\n
<\/a>7.\u00a0Five Point Gateway \u2013 15101 & 15191 Alton Parkway, Irvine<\/h2>\n
<\/a>6.\u00a0510 Townsend St., San Francisco<\/h2>\n
<\/a>5.\u00a03000 Sand Hill Road, Menlo Park<\/h2>\n
<\/a>4.\u00a0Genesis \u2013 South Tower, South San Francisco<\/h2>\n
<\/a>3.\u00a0U.S. Bank Tower, Los Angeles<\/h2>\n
<\/a>2.\u00a0Transamerica Pyramid Center \u2013 The Transamerica Pyramid, San Francisco<\/h2>\n
<\/a>1. Genesis \u2013 North Tower, South San Francisco<\/h2>\n