Paramount to Acquire 55 Second Street in San Francisco
Paramount Group, Inc. (PGRE)
Last paramount group, inc. earnings: 4/29 04:15 pm
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US:NYSE Investor Relations:
ir.paramount-group.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced that it has entered into an agreement to acquire 55 Second Street, a 387,000 square foot trophy office building located in San Francisco’s South Financial District, for approximately $408 million or $1,054 per square foot. The transaction, which is subject to customary closing conditions, is expected to close in the third quarter of 2019. In connection with the transaction, the Company expects to bring in a joint venture partner prior to closing.“The acquisition of 55 Second Street enables us, once again, to recycle capital opportunistically from Washington, D.C. into one of San Francisco’s most desirable corridors,” stated Albert Behler, Chairman, Chief Executive Officer and President. “With its modern construction, highly efficient floor plates, rich amenity base and proximity to the Transbay terminal, we see tremendous opportunity to fill existing vacancy as well as proa
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PGRE
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- 10/30/24 - Beat
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- 10/30/24 - Form 8-K
- 10/30/24 - Form 10-Q
- PGRE's page on the SEC website