400 Montgomery
San Francisco

Initially acquired in October 2016, 400 Montgomery is a 12-story historic office building located at the corner of Montgomery and California streets in downtown San Francisco’s Northern Financial District. Originally constructed in 1901, the property includes three retail suites and was designed by famed architects George Percy and Willis Polk in an “H” shape with Baroque-style detailing. During its initial ownership, Harvest oversaw nearly $13 million of capital improvements, including a lobby upgrade, elevator modernization, façade and roof improvements, and full floor open ceiling creative tenant improvements with new high-end restrooms. After successfully implementing much of their initial business plan, a new joint venture sponsored by Harvest Properties recapitalized the property in August 2019. Harvest elected to continue its ownership based on its belief that it can leverage its knowledge of the asset to create additional value at the property as it manages near-term lease expiration activity and the potential conversion of remaining traditional spaces to creative office finishes.

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Location
400 Montgomery Street, San Francisco, CA
Acquired
Recapitalized August 2019
Size
85,011 sq. ft.
Status
Current investment