Rubicon Point Partners, LLC (http://www.rubiconpointpartners.com), closed on the acquisition of 149 9th St. in San Francisco. The jewel-box building, also known as the Storek Building, is located on 9th street in Mid-Market/West SoMa, two blocks from Twitter, BART, Dolby, and the new Avalon Bay apartment development.
“We are happy to own such an important piece of San Francisco. The Storek building is centrally located, proximate to mass-transit, employment centers, future housing, and numerous restaurants and services. Additionally, the building provides for open, creative, and interactive space, catering to the new demands of employers and employees alike. We are excited with this acquisition and our presence in West SoMa and Mid-Market, an area which we believe in and are proud to be part of.”
The Storek Building (http://www.storekbuilding.com/) is a 4 story brick and timber building located in the Western South of Market area of San Francisco. The area is currently seeing a renaissance not only economically but politically and culturally. The building is currently 100% leased.
Rubicon Point Partners is a real estate investment firm focused on value-add commercial and industrial opportunities, predominately in the Bay Area, catering to the new generation of employees and employers. Rubicon Point Partners is lead by Ms. Ani Vartanian Boladian, an industry veteran and a former U.S Department of Treasury official, under the Obama Administration. Her vision for Rubicon Point Partners is to approach commercial real estate through a different lens, one that caters to the new generation of employers and employees driving innovation.
“Today’s cutting edge companies require office space that is very different than the standard perimeter-office and cubicles of the past. Innovation needs open, interactive space for innovation to foster. Our goal is to provide just that.”