M & J Wilkow, in partnership with National Real Estate Advisors, LLC (“National”), announced the sale of 600 Battery Street, a three- story historic office building located in San Francisco, California. The 112,208 square foot property was sold to a partnership between Invesco Real Estate, a global real estate investment manager, and TMG Partners.
M & J Wilkow and National acquired the office complex in June of 2001. The property features a 360-degree view from its rooftop deck and occupies a full city block in historic Jackson Square. In 2011, 600 Battery Street earned the Energy Star designation for superior energy performance.
“600 Battery Street proved to be an exceptional investment for our investors. The creative architecture and design of this loft office building has helped it remain 100% occupied every day since it was acquired nearly 18 years ago, and it has been exciting to watch the surrounding Jackson Square neighborhood develop into a highly desirable place to do business,” said Marty Sweeney, Senior Vice President of Acquisitions and Asset Management at M & J Wilkow.
Kyle Kovac and Michael Taquino of CBRE’s San Francisco office represented the Seller in the transaction.
About M & J Wilkow
M & J Wilkow is a leading commercial real estate owner and operator dedicated to creating value for its clients and investors. The Company’s approach to real estate emerged distinctively from an owner’s perspective and has evolved over 80 years in the real estate business. M & J Wilkow’s portfolio consists of 48 properties, which includes 22 office buildings and 26 retail properties consisting of approximately 11.7 million square feet. The aggregate market value of the portfolio is estimated to be in excess of $2.8 billion. For more information, visit www.wilkow.com.
About National Real Estate Advisors, LLC
National Real Estate Advisors, LLC is an investment manager specializing in build-to-core, developing and managing large-scale, urban commercial and multifamily projects for its institutional client accounts. National constructs investment portfolios of modern property assets—apartment, office, mixed-use, industrial, data center and hotel—with design features, technological enhancements, and amenities that drive high tenant demand and can create value for investors. National is an independently operated subsidiary of the National Electrical Benefit Fund, a substantial pension trust with a significant amount of assets that are managed by National on a discretionary basis. For more information, please visit www.natadvisors.com.
About Invesco Real Estate
Invesco Real Estate is a global leader in the real estate investment management business with $64.1 billion in real estate assets under management, 491 employees and 21 regional offices across the U.S., Europe and Asia (as of 09/30/18). Invesco Real Estate has been actively investing in core, value-add and opportunistic real estate strategies since 1992. Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd. Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; www.invesco.com.