Goodwin client Brookfield Office Properties’ acquisition of 685 Market Street in downtown San Francisco was recently named a Bay Area Real Estate Deal of the Year by the San Francisco Business Times. Goodwin real estate partner Sam Richardson advised on the transaction and Goodwin real estate associate Mary McQuinn advised on the related acquisition financing. Brookfield, which won the San Francisco office sale category, was recognized at an awards ceremony in late March celebrating the area’s most significant and complex residential and office real estate deals in 2013.
685 Market Street, also known as the Monadnock Building, is a 205,000-square-foot class A office building in the South Financial District submarket. It includes approximately 192,000 square feet of office space and 13,000 square feet of retail space. The 10-story building is Brookfield’s first investment in the San Francisco office market.
Headquartered in New York, N.Y., Brookfield Office Properties is a commercial real estate corporation that owns, manages and develops office properties. Its portfolio is comprised of interests in 113 properties totaling 85 million square feet in major metropolises throughout the United States, Canada, Australia and the United Kingdom. The company’s common shares are traded on the NYSE and TSX under the symbol BPO.More information about the transaction can be found in the Brookfield press release.