Acquisition of 555 California Street Office Tower

Deal value: $800,000,000

Acquisition of the iconic 555 California Street, a Class A office tower in San Francisco, totaling 1.8 million SF, by a consortium led by Gaw Capital Partners. The property is located in the heart of the Financial District and is known for its high-profile tenant roster.

The acquisition of 555 California Street is driven by a belief in the long-term value of prime, Class A office assets in gateway cities like San Francisco. The consortium, led by Gaw Capital Partners, is capitalizing on a rare opportunity to acquire an iconic property with a high-profile tenant roster at a time when urban office markets are rebounding post-pandemic. The investment thesis centers on stable cash flow, potential for value-add through repositioning, and the enduring demand for trophy assets in global financial hubs.