Transamerica Pyramid Trades for $650M to SHVO, Deutsche, European Investors

Transamerica Pyramid Professions for $650M to SHVO, Deutsche, European Investors

Order Reprints … October 29, 2020 The legendary 48-story Transamerica Pyramid Tower in San Francisco traded hands for $650 million. A JV partnership in between New York-based SHVO and Deutsche Money International acquired the Transamerica Pyramid Center Complex residential property from Transamerica.

The website includes a three-building, 703,537-square-foot, Class A workplace complicated and also advancement parcel on a whole city block in the heart of San Francisco’s Financial Area. The transaction notes the very first time the distinct tower at 600 Montgomery St. has actually altered hands given that it provided in 1972.

JLL’s Gerry Rohm, Michael Leggett, Robert Hielscher as well as Michael Seifer represented the vendor and procured the purchaser, which additionally included a consortium of capitalists led by German pension fund, BVK. JLL’s Peter Smyslowski, Mike Tepedino, Robert Tonnessen as well as David Sitt set up $390 million in purchase funding.

Rohm claims, “This was an one-of-a-kind chance to obtain among the world’s most recognized workplace towers, with its iconic architecture still internationally identifiable after almost half a century.”

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