444 West Lake Street | Suite 1900 | Chicago, IL 60606

Park Tower at Transbay San Francisco, CA

 
Transbay_lg

Property Type: Office

Funds Provided: $8,100,000

Investment Date: 2016

Structure: Office

Partner: Golub & Company

Deal Synopsis:

Diversified Real Estate Capital formed a joint venture with Golub & Company.  The DRE/Golub joint venture is co-developer with The John Buck Company in Park Tower at Transbay.  Park Tower at Transbay will rise to a height of 605 feet and include 43 floors, 124 parking spaces, and over 751,500 rentable square feet of Class A++ office space and 10,000 square feet of high-end retail space. Offering an unparalleled location, iconic design, stunning views, cutting edge building systems and convenient access to every mode of transportation, Park Tower is a one-of-a-kind office building that will be a new landmark on San Francisco’s skyline. Park Tower’s projected opening will be in Q1 2018, coinciding perfectly with the projected completion of the immediately adjacent Transbay Transit Center.  The pre-certified LEED Gold development will have floor-to-ceiling glass on every floor and 14 private outdoor sky decks – both allowing tenants to take advantage of arresting Bay and City views from 70% of floors.  Park Tower was designed by Goettsch Partners and Solomon Cordwell Buenz, and the major equity investor is Met Life.

http://www.parktowerattransbay.com