About 100 Pine Center
100 Pine Street is a Class A office building at the northwest corner of Pine Street and Front Street in San Francisco's Financial District. The building is 476 feet (145 m) tall and has 33 floors, with 402,500 sq ft (37,000 m) of rentable office space and a 130-car garage (150 cars with valet parking). Completed in 1972 as headquarters of the Continental Insurance Company, the building is among the earlier of San Francisco's modern skyscrapers. By the start of the Dot-com bubble the property, then owned by Grosvenor Properties, was outdated and suffered from deferred capital maintenance. In 1997 it was purchased by Walton Capital, which invested heavily in upgrades, re-measured the building at 36,000 square feet (3,300 m) larger than before, then aggressively re-leased space at higher rates. After two failed transactions Walton Capital sold the building to investors lead by Unico Properties in May, 2000 for USD $156 million.. Unico re-sold the property to the Alaska Permanent Fund based on a USD $149 million price in August, 2005, but retained a minority ownership share. The tower houses many daytime office workers. Major tenants include the New York Life Insurance Company.