CIM Group Acquires SoMa Office Asset
- Apr 19, 2016
By Ioana Neamt
San Francisco—CIM Group of Los Angeles has acquired a six-story office building in San Francisco’s SoMa District for an undisclosed amount. The company purchased the approximately 105,800-square-foot asset at 274 Brannan St. from The Swig Co., which had owned and operated the building since 2007.
Conveniently located near the AT&T Park and the Embarcadero, the property offers easy access to BART, MUNI and Caltrain stations, Highway 80, The Bay Bridge, Highway 101 and the Central Subway project. The asset is also situated close to Mission Bay—a 303-acre master-planned development which houses more than 2.6 million square feet of commercial, medical and life science buildings, as well as 5,500 residential units and 49 acres of public open space. CIM Group’s 350-unit luxury condominium project, One Mission Bay, is also located within the master-planned community.
The property at 274 Brennan incorporates parking, ground floor retail and basement telecom space. The facility is one of very few telecommunication and colocation centers within the city of San Francisco.
CIM Group owns a number of other assets in the area, including 330 and 260 Townsend, 211 Main St., 246 1st St., 30 Third St. and 703 Market St.