Press Release
MacFarlane Partners Sells 1125 Market Street Site
in San Francisco
June 03, 2015
MacFarlane Partners, a real estate investment manager that specializes in investments that promote smart growth, urban revitalization and sustainability, announced today the sale of 1125 Market Street in San Francisco.
The 12,400-square-foot project site is the last remaining vacant lot in San Francisco’s rapidly transforming Central Market area (between 5th and 10th Streets). It is located directly in front of the Federal Building, across the street from UN Plaza and just east of The Strand Theater, a historic former movie house that the American Conservatory Theater is reviving as live-performance venue and education center.
The neighborhood has long been a center for entertainment, arts and retail, and is seeing a renaissance with large employers such as Twitter, Dolby, Square, One King’s Lane, and Zoosk flocking to the area.
The property is zoned C-3-G, permitting both residential and commercial development. The buyer is Pacific Eagle Holdings Corporation. The sale price was not disclosed. CBRE represented the seller.
“This transaction was a well-timed opportunity for us to capitalize on the strong demand for land in the heart of San Francisco and enables us to deploy resources to our other development projects,” said Dirk Hallemeier, a managing director with MacFarlane Partners and president of its development affiliate, MacFarlane Development Company.
MacFarlane Partners is currently completing construction of Tam Ridge Residences, a 180-unit apartment community in Corte Madera, Calif.; developing three multifamily residential projects in Seattle’s South Lake Union neighborhood; and planning a high-profile, multifamily development adjacent to Pershing Square in downtown Los Angeles.
About MacFarlane Partners
MacFarlane Partners is a real estate investment management and development firm with approximately $4 billion in assets managed on behalf of some of the world’s largest pension plans and institutions. Founded in 1987, the firm pioneered the urban investment concept among institutional real estate investment managers in the 1990s and today is a leading investor and developer of properties that promote smart growth, urban revitalization and sustainability in urban and high-density suburban areas nationwide.
MacFarlane Partners is headquartered in San Francisco, with regional offices in Los Angeles and Washington, D.C. For additional information, please visit the firm’s website at www.macfarlanepartners.com.
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