print header

# 1 Commercial Real Estate Information Company

  • Find Properties 
  • Market Properties 
  • Analyze Properties 
Commercial Real Estate News

Korean Group Trades San Fran Office Tower to Wells REIT

Wells Fargo HQ at 333 Market St. Changes Hands
January 4, 2013
The Korean Federation of Community Credit Cooperatives, a pension fund manager based out of Seoul, Korea, sold 333 Market St., a 33-story tower in San Francisco’s financial district, to Wells Real Estate Investment Trust II Inc. for $395.3 million or $602 per square foot.

In June 2010, Principal Financial Group sold the trophy asset to the South Korean group for $333 million or $507 per square foot.

The Class A, 657,115-square-foot office building was built in 1979. The structure received more than $80 million in capital investments and tenant improvements over the past eight years. Wells Fargo Bank, N.A., fully leases the property.

Keith Willby, a senior vice president of capital markets at Wells REIT II, was the buyer's representative.

Wells Real Estate Funds advises Wells REIT II, a national real estate investment firm. The Atlanta-based company’s portfolio includes 82 office buildings covering approximately 21 million square feet.

Please see CoStar COMPS #2635397 for more information.

The article was updated to include the sale price.
GET IN TOUCH        Contact CoStar News Team:

 Find us on 

Welcome To CoStar's
Award-Winning News

Winner of three Journalism Awards from the National Association of Real Estate Editors (NAREE)

Award-Winning News