The Swig Company Has Acquired 115 Sansome In San Francisco's Financial District.

Expands Its Bay Area Portfolio Again Following the Purchase of Oakland's Kaiser Center Last Year

SAN FRANCISCO -- The Swig Company, a privately-owned real estate investment and management company based in San Francisco, has purchased 115 Sansome Street in San Francisco's financial district.

Although the purchase price was not disclosed, the seller was an affiliate of Prudential Insurance Company.

115 Sansome is a 14-story, plus penthouse, office tower offering more than 128,838 square feet of net rentable space. The building is currently 95 percent leased to high-caliber tenants, including the New York Stock Exchange, DHC and HDR Brown Vence.

Originally the first of two well-known Standard Oil Headquarters Buildings, 115 Sansome features high ceilings and window-lines fronting on Sansome Street, Bush Street and Treasury Place. Although it has undergone extensive renovation since being built, the Beaux-Arts style building has retained its extraordinary architectural character and exterior details. The interior, which features 9,000 square foot floor plates, has changed considerably as both tenant and common areas have been fully renovated.

"This building is a welcome addition to our San Francisco portfolio," said Jeanne Myerson, CEO of The Swig Company. http://www.swigco.com/portfolio.html "Given the improving health of the downtown market, we will now be able to provide a greater number of options to satisfy our various building tenants' growing space needs."

In addition to newer buildings in the San Francisco Bay Area, Manhattan and Southern California, The Swig Company has been honored nationally for the way it modernizes the infrastructure of older buildings while maintaining the unique architectural character of its buildings. "115 Sansome satisfies a niche in a market characterized by smaller users. The building promotes stronger tenant identity compared against larger cookie-cutter buildings where a small-to-mid-sized company gets lost. We think it's good business to own and operate a variety of special properties. We like the fact that quality properties, such as 115 Sansome, help the City retain its historic feel and character," said Myerson.

In recent years The Swig Company has purchased the prestigious Kaiser Center in Oakland, Mountain Bay Plaza in Downtown Mountain View and 501 Second Street in San Francisco.

About The Swig Company

The Swig Company (www.swigco.com) is a private investment company with over 70-years of experience in the development, ownership and management of commercial real estate properties in major markets throughout the United States. The company's diversified portfolio includes over 8.5 million square feet of office buildings in markets such as New York, San Francisco, Dallas and Southern California. The Swig Company also owns and controls over 805 full-service luxury hotel rooms and 71 suites, approximately 650,000 square feet of industrial space, and an assortment of other credit-leased properties and land parcels. The Swig Company invests its own capital alongside numerous institutional and private investors, serving as the operating partner. Our investment mission is to add value through proactive asset-management, acquisitions, dispositions, selective development and redevelopment and professional property management.