CBRE’s Capital Markets team in San Francisco has been selected to market 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 sold recently to Deutsche Bank and JPMorgan Chase in a foreclosure auction.
The offering includes the fee simple and partial leasehold interests in the property, which spans 5.9 acres and features flagship retail, modern office space, movie theatres, conferencing facilities and structured storage. Investors and developers can transform the existing structure or pursue a new mixed-use vision within the existing 400-foot 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, EVP of CBRE’s Capital Markets team in San Francisco.
Kovac and Mike Taquino are leading the sales assignment on behalf of ownership, along with Kurt Altvater and Kati Thabit.
Photo credit: Todd Quam.
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