Saks Fifth Avenue Building

Saks Fifth Avenue Building

Union Square, San Francisco, CA

Saks Fifth Avenue Building

Saks Fifth Avenue Building

Property Summary

Type: Class A Retail
Office Location: San Francisco
Size: 111,775 square feet

Acquisition Summary

Ownership Interest Acquired: 51%

Transaction Summary

Madison acquired a 51% limited partnership interest in a class A, free-standing department store, leased long-term to Saks Fifth Avenue, and located in the heart of San Francisco at 384 Post Street in Union Square. The property is part of a portfolio held by a closed-end fund sponsored by Deutsche Asset & Wealth Management, a subsidiary of Deutsche Bank AG. Madison was able to provide existing investors with an exit strategy, giving them the immediate liquidity they were seeking.

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Saks Fifth Avenue Building
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