US property manager Jamestown in talks to buy $820m Levi’s Plaza office
US property manager Jamestown is in talks to buy the Levi’s Plaza office building in San Francisco for around $820m (€731.5m), according to sources.
According to sources familiar with the sale of the 800,000sqft office building located at 1155 Battery Street, the transaction has not closed yet.
The asset – owned by San Francisco-based Gerson Bakar and Associates – is home to firms like Levi Strauss & Co, BCCI Construction and Ubiquity Retirement & Savings.
Jamestown declined a request for comment. The listing agent Eastdil Secured did not respond to a request for comment.
IPE Real Assets reported earlier this year that Jamestown is asking investors to renew their commitment obligation to its Jamestown Premier Property core and core-plus fund to give the manager more time to invest the capital.