SAN FRANCISCO—A joint venture between SKS Investments and an institutional investor has sold 181 Fremont St. The class-A office and luxury condominium development in San Francisco was purchased by Jay Paul Co. for an undisclosed total.
The seller was represented by senior managing directors Gerry Rohm, Michael Leggett, managing director Holden Lim, director Dave Karol and associate director Mark Damiani.
The mixed-use development site is located in San Francisco’s South Financial District. The current construction proposal calls for a 54-story, LEED Gold building that will total 684,000 sq. ft. Office space will fill floors three through 36, while 74 luxury condominiums will occupy the top floors. Amenities will include a fitness center, subterranean parking, a lounge and outdoor balcony for residents.
“The tower’s innovative architecture, environmentally conscious design and irreplaceable CBD location will provide a generational opportunity to develop one of the premier high-rise office and residential towers in the United States,” said Gerry Rohm, senior managing director of HFF, in a statement.