San Francisco -- Real estate investment and management firm Jamestown said Wednesday it has acquired 799 Market Street, a 142,902-sq.-ft. mixed-use development in downtown San Francisco.
The eight-story urban retail and office building includes five floors of creative office space atop 55,000 sq. ft. of retail, currently 100% occupied by a Ross Dress for Less flagship store, one of the five highest performing Ross stores in the nation.
“The acquisition of this asset is part of our ongoing strategy to expand Jamestown’s presence on the West Coast, and furthers our commitment to locations that support the intersection of media, technology and retail,” said Jamestown COO Michael Phillips.
Jamestown currently owns two other properties in Northern California, a neighboring mixed-use property consisting of two buildings at 22 Fourth Street and 801 Market, as well as an open-air regional shopping center with approximately 594,000 sq. ft. in Alameda.