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Invesco, Hines Buy Historic Rialto Bldg. in San Francisco

Africa Israel USA JV Completes Sale of 131,344-SF Property
By Laurie Forbes
March 7, 2013 | 6:28 P.M.

A joint venture between Invesco Real Estate and Hines finalized its purchase of the Rialto Building, a nine-story, 131,344-square-foot office building at 116 New Montgomery St. in San Francisco’s south financial district. A group led by Africa Israel USA sold the turn-of-the-century property for approximately $434 per square foot or $57 million.

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News | Invesco, Hines Buy Historic Rialto Bldg. in San Francisco