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Closed: 731 Market

Last month Bisnow broke the story about Jamestown scooping up 731 Market for more than $700/SF, and now the deal has officially closed. We exclusively confirmed the 92k SF building ended up trading for $706/SF, which is higher than has been reported. The Atlanta-based investor has been active in that part of town, filling 799 Market with techies last year and selling Pacific Place at 4th and Market in June to JP Morgan, unloading the property after a 10-year hold. 731 is 100% leased to eight tenants, including Stitch Fix, Liftopia and CVS Pharmacy, which anchors the ground floor through January 2031. JLL marketed the property, which Jamestown president Michael Phillips says is attractive to today’s workforce because of its history and design, along with its convenient location.

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