530 B Street

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Purchased in 2013, 530 B Street was the first CBD acquisition for the Team. Acquired in 2013, the iconic 232,936 sf, 30-story high-rise was repositioned with $7mm in capital improvements including: new restrooms, upgraded lobby, and creation of the podium “Sky Terrace.” The asset management team took project occupancy from 52% to 78% (including 17 new leases for 60.5k sf). The project was sold in 2015 to an institutional buyer for $53.3mm.

Project Team:

• Lender – Wells Fargo Bank
• Architect – Gensler
• General Contractor – Prevost Construction
• Leasing Brokerage - CBRE