NEW YORK--(BUSINESS WIRE)--
Paramount Group, Inc. (NYSE:PGRE) (“Paramount”) today announced that it has completed the previously announced acquisition of One Front Street, an approximately 645,000 square foot, 38-story, Class A office building in San Francisco, California, for $521 million in cash.
About Paramount Group, Inc.
Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.
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