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CIM Group Expands San Fran Investments

SAN FRANCISCO-The company buys the 330 Townsend office building in the South of Market District—an area with one of the city's lowest vacancy rates.

By Natalie Dolce | Updated on April 25, 2013

SAN FRANCISCO-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that CIM Group has expanded its San Francisco investments with the acquisition of the 330 Townsend office building in the South of Market District. According to the firm, the SoMa district has one of the city’s lowest office vacancy rates. 

The building is 98% leased to a variety of creative and professional services firms. The building is across the street from the CalTrain San Francisco Station and one block from the new Central Corridor transit line under construction.

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