225 Bush Street

In 2012, Flynn Properties purchased a share in the former Standard Oil Building at 225 Bush Street that valued the building at $212 million.  Flynn’s plan was to renovate and redefine the building which was 70 percent occupied as a hub for creative technology companies in San Francisco.

This morning, a majority stake in the 22-story building which is now nearly 100 percent occupied was sold to Kylli Inc., a Chinese development firm.  Today’s deal valued the building at $350 million.

Current tenants at 225 Bush Street, which was built by John D. Rockefeller in 1922, include Groupon, Zillow, and Wells Fargo.

One thought on “Bet On Tech Pays Off Big As 225 Bush Sells For $350 Million”
  1. Why mention groupon (Chicago) and zillow (Seattle) satellite offices but not the home grown Bay Area companies like Twitch and Lithium?

Leave a Reply

Your email address will not be published. Required fields are marked *