Case Study

360 Spear Street

Acquisition Date: September 2018
Disposition Date: December 2020
Asset Type: Mixed-Use Office, Laboratory, PDR (Production, Distribution, Repair), Data Center
Size: 171,096 SF
Tenants:Verizon
AT&T
Lattice
Vitalant
Acquisition Cost:$95.1 million
Sale Price: $175.0 million
Equity:$36.3 million
Gross IRR: 35.2%
Gross Equity Multiple: 1.84x