301 Howard Trades for $200M
Emmes Asset Management and a US pension fund partner just snapped up 301 Howard, and Bisnow's market sources tell us the deal got done at $200M, or $651/SF. The 23-story office is steps from the future Transbay Transit Center. The seller, Embarcadero Capital, was repped by Eastdil Secured's Stephen Van Dusen. Embarcadero Realty will remain property manager of the 307k SF tower, which has a tech-heavy tenant list that includes Teradata, Chegg, Dell, Deem, Path, Disqus, Dropcam (owned by Google) and Demandbase. The new owners plan major improvements on the entrance, lobby and other public building areas. JLL will handle leasing.