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San Francisco, United States
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100 Pine St #2500, San Francisco, CA 94111, USA
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100 Pine Center is a class-A office building at the northwest corner of Pine Street and Front Street in San Francisco's Financial District. The building is 145 m (476 ft) with 33 floors, and 402,500 sq ft (37,000 m2) of rentable office space, a 150-car garage including 30 valet parking spaces.Completed in 1972 as headquarters of the Continental Insurance Company, the building is among the earlier of San Francisco's modern skyscrapers. By the start of the dot-com bubble the property, then owned by Grosvenor Properties, was outdated and suffered from deferred capital maintenance.In 1997, the building was purchased by Walton Capital, which invested heavily in upgrades, re-measured the building at 36,000 square feet (3,300 m2) larger than before, then aggressively re-leased space at higher rates. After two failed transactions, Walton Capital sold the building to investors led by Unico Properties in May 2000 for US$156 million. Unico re-sold the property to the Alaska Permanent Fund based on a US$149 million price in August 2005, but retained a minority ownership share. The property was acquired by the Rockpoint Group in February 2017 for US$287.5 million.
