**CBRE Tapped to Market San Francisco Centre & Emporium**
CBRE’s Capital Markets team in San Francisco has been selected to market the iconic San Francisco Centre & Emporium, a landmark mixed-use property located at the intersection of Market, Mission, and Fifth streets in downtown San Francisco. The 1.2-million-square-foot property, now 91% vacant, reportedly changed hands in a recent foreclosure auction, transferring to Deutsche Bank and JPMorgan Chase.
The offering includes both fee simple and partial leasehold interests in the 5.9-acre property, which features flagship retail, modern office space, movie theatres, conferencing facilities, and structured storage. Investors and developers have the opportunity to either reimagine the current structure or pursue a new mixed-use vision, within an existing 400-foot building height limit.
“Amid renewed civic leadership, three consecutive years of positive population growth, and surging demand from artificial intelligence and technology firms, San Francisco Centre & Emporium is uniquely positioned to anchor the next chapter in downtown San Francisco’s recovery,” said Kyle Kovac, Executive Vice President of CBRE’s Capital Markets team in San Francisco.
Kovac and CBRE colleague Mike Taquino are leading the sales assignment on behalf of the ownership group, along with team members Kurt Altvater and Kati Thabit.
*Photo credit: Todd Quam.*
