Jamestown is under contract to buy 731 Market, the prized 92k SF office building, for just over $700/SF, sources tell us.
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. Constructed in 1908, in recent years the six-story property has received $8.7M in base building upgrades and TIs to cater to the tech industry. JLL marketed 731, as well as a slew of other historical buildings that traded hands in the past 18 months (including 114 Sansome, 685 Market, and 225 Bush).
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