Newmark Grubb Knight Frank (NGKF) is pleased to announce that the firm represented buyers Angelo, Gordon & Co. and City Center Realty Partners, LLC in the purchase of 220 Post Street, a six-floor flagship retail building in the heart of San Francisco’s Union Square Shopping District that sold for $1,900 per square foot. The buyers’ rep team included Kyle Kovac, Dan Cressman, Mike Taquino and Jake Randolph of Newmark Cornish & Carey as well as Jay Luchs of NGKF’s Los Angeles office.
Providing prime retail frontage along one of the city’s most desirable retail blocks, the shopping district is home to Dior, Burberry, Harry Winston and many other respected retailers. 220 Post Street is currently occupied by the Saks Fifth Avenue Men’s Store, which will be relocating at the end of November to be replaced by a new retail tenant.
A team led by Luchs will manage leasing for the property under its new ownership.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.