1275 Market

San Francisco

350,000 sq. ft. Office

1275 Market

TMG purchases, repositions, sells 350,000 square foot complex to Dolby Laboratories in 10 months

TMG Partners and its capital partner DivcoWest purchased this mid-Market area office building from the State Compensation Insurance Fund for $44 million in October 2011 and implemented a capital improvement plan to address numerous building deficiencies. A 16-story seismic upgrade was fully designed and permitted within 3 months and construction commenced in January 2012. The partnership received an unsolicited purchase offer from Dolby Laboratories and closed the $110 million sale in July 2012. The seismic work was completed in August 2012 together with other improvements to the building systems.

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