The Swig Company and SKS Partners have finalized the purchase of 350 California St., a Class A office tower in San Francisco’s Financial District. The seller, Mitsubishi UFJ Financial Group, was represented by a CBRE team including EVPs Kyle Kovac and Michael Taquino as well as VP Giancarlo Sangiacomo.
Though the buyers did not disclose the purchase price, multiple sources reported it to be $61 million for the 297,642-square-foot office tower formerly home to Union Bank.
Connor Kidd – CEO of The Swig Company – expressed his enthusiasm about this generational opportunity: “We viewed this as an ideal chance to acquire an immaculately maintained and very well-located Financial District building at below replacement cost with a skilled and trusted partner.” He added that 350 California is perfect for companies looking for full floors with efficient floorplates whether they are in growth mode or right-sizing their operations.
