100 Spear Street
Posted on March 11th, 2013 ยท Posted in Acquisitions

Prudential Real Estate Investors recently purchased the 22-story office tower at 100 Spear Street for an estimated $100 million. The tower located in the city’s Financial District was completed in 1989 and features a “beveled side” with window columns that extend outward like the ridges on a chip. The building comprises 203,000 square feet of space and as of this writing was 91 percent leased according to details of the transaction (which have not been made officially public).

Prudential Real Estate Investors is a division of Prudential Financial Inc. and has been active in the commercial property acquisition market. It has also been reported that they recently went to contract to purchase an office property in Miami around the same time that they are finalizing the deal for 100 Spear St.

San Francisco’s commercial acquisition market has been incredibly active and this is just the latest deal in arguably one of the world’s hottest commercial real estate markets. If your business is looking to acquire office space, contact Synergy Real Estate Group today.