|
|
Article: SKB Buys San Francisco Giftcenter & Jewelrymart for $94.8 Million.
- Article from:
- Business Wire
- Article date:
- July 2, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
PORTLAND, Ore. -- ScanlanKemperBard Companies has acquired the San Francisco Giftcenter and Jewelrymart for $94,750,000. The Portland, Ore.-based real estate merchant banking firm plans to invest an additional $8,650,000 to reposition and stabilize the 388,324-sf, two-building property in the rapidly gentrifying South of Market (SOMA) area of Downtown San Francisco.
The San Francisco Giftcenter and Jewelrymart are housed in 888 Brannan St., an architecturally noteworthy five-story building developed in 1918, and 850 Brannan St., a three-story building developed in 1987. Also included in the acquisition is 925 Bryant Street, an adjacent one-story, 13,125-sf ...