Rubicon Point Partners Acquires The Townsend Building in San Francisco
Rubicon Point Partners (“Rubicon”), a woman- and minority-owned private real estate investment and operating company, today announced that it has acquired The Townsend Building, a six-story, transit-oriented, brick and timber building located at 123 Townsend Street in San Francisco.
- Rubicon Point Partners (“Rubicon”), a woman- and minority-owned private real estate investment and operating company, today announced that it has acquired The Townsend Building, a six-story, transit-oriented, brick and timber building located at 123 Townsend Street in San Francisco.
- The acquisition of The Townsend Building is part of Rubicon’s strategy to invest in high-quality properties on the West Coast.
- “Our acquisition of The Townsend Building demonstrates our ability to not only identify a strong asset, but to add value to the transaction through thoughtful structuring,” said Ani Vartanian, Co-Managing Partner of Rubicon.
- The property is anchored by an A-credit rated tenant who have occupied the majority of the building since 2013.