SAN FRANCISCO—Medley Partners has taken on a majority equity stake in 901 Battery St. as part of The Swig Co.’s recapitalization of the property.
“We have been exploring potential partnerships with Medley Partners for several years and are delighted to have found the opportunity to finally join together by repositioning 901 Battery Street,” said Jeanne Myerson, CEO of The Swig Co., in a statement.
The property is a 88,668-sq.-ft. office property in the Jackson Square-North Waterfront area. When built in 1927, the property was meant to be a manufacturing and distribution warehouse. After upgrades and building improvements over the years, the property now houses a number of design and public relations firms.
Brian Schneider, Medley Partners managing director, said he hopes this deal is the first of a number of co-investments the two companies will make together.