Sale of The Exchange on 16th, San Francisco

San Francisco, CA, United States

The Exchange on 16th is a landmark Class A office and life sciences complex comprising four interconnected buildings totaling approximately 750,000 square feet in San Francisco’s Mission Bay district. Completed in 2019, the property features LEED Platinum and WELL Gold certifications, extensive outdoor spaces, and 15,000 square feet of ground-level retail. Its prominent location at 1800 Owens Street offers exceptional access to transit, the UCSF campus, and the city’s biotech and tech hubs. In March 2021, Kilroy Realty sold the property to KKR for $1.08 billion, setting a record per-square-foot price in the San Francisco commercial market.