SAN FRANCISCO — City Center Realty Partners, LLC (CCRP), a San Francisco-based real estate investor and developer, in a partnership with Angelo, Gordon & Co., has acquired 220 Post Street, a five-story plus lower level flagship retail building situated in the heart of San Francisco’s Union Square shopping district.
The property provides prime retail frontage along one of San Francisco’s most desirable blocks, home to Ferragamo, Dior, Cartier, Graff, Burberry, and Harry Winston. 220 Post Street is currently occupied by Saks Fifth Avenue Men’s Store.
“City Center Realty Partners is thrilled to add this world-class retail asset to our portfolio,” said Sigurd Anderson, Founding Partner and CEO with CCRP. “This is truly a rare opportunity to acquire a high profile retail property with significant upside potential in one of the most coveted investment markets in the country.”
CCRP oversees a portfolio of urban real estate in major markets throughout the country, including San Francisco, Minneapolis, and Las Vegas. Among CCRP’s San Francisco Bay Area assets are numerous properties in the city’s Union Square shopping district and the 14.5-acre Public Market mixed-use redevelopment project in Emeryville, CA.