From the San Francisco Business times:
Peter Tso, a Chinese investor who owns several properties in Union Square, has paid $8.5 million for the 11,000-square-foot building at 239 Grant St., the first significant retail building to sell in Union Square since early 2008.
The $773-a-square-foot sale price is less than half what retail buildings were selling for during the height of the market in 2007, when 240 Post St. sold for $1,819 a square foot. The last major building that traded in the exclusive shopping district was 33 Grant St., which traded for $1,300 a square foot.
239 Grant is 100 percent leased.
∙ Landlord adds to portfolio of Union Square holdings [Business Times]