Union Square - San Francisco, CA
REZA Investment Group Inc. is pleased to announce the sale of 39 Stockton. Located on the heavily trafficked Stockton Street in San Francisco's Union Square, an undisclosed buyer recently purchased the property for $14 million from Nord Capital Real Estate of Hamburg, Germany. The single tenant asset is currently leased to The United Colors of Benetton, spans three levels, and totals approximately 12,281 square feet.Carlos Lopez, Senior Vice President and Director of REZA Investment Group Inc.'s Urban Division commented, "I can't talk enough about this building and its unique location. The building is a "jewel box" located in the heart of the Union Square District of San Francisco which is recognized as one of the finest retail districts in the world.
"39 Stockton benefits from outstanding foot traffic generated from the close proximity to the new 1.5 million square foot Emporium featuring the largest Bloomingdales in the West. Also adding to the foot traffic are Crate & Barrel, a BART station, and a high volume, three-level Apple Store. The icing on the cake will be the fact that a new flagship Barney's store will open this fall immediately across the street from this building. This will enable the owner to not only benefit from the existing strong pedestrian traffic, but strategically position the building in the future as the street becomes even more popular due to the arrival of Barneys."
"Our firm's Urban focus is to place high quality, rare investors in one of kind irreplaceable properties. We are committed to creating the highest value for our clients by continually uncovering exceptional opportunities such as 39 Stockton," said Reza Etedali, CEO and Founder of REZA Investment Group Inc.
ABOUT REZA INVESTMENT GROUP INC.
REZA Investment Group, Inc. is the premier retail investment advisory firm with a multi-billion dollar transaction track record. We focus all of our resources exclusively on shopping centers and retail investment properties. Our transaction history ranges from high profile malls to neighborhood shopping centers. Both our business model and transactions have been nationally recognized.