03.10.2017

Lincoln Property buys land on 350 Bush street and neighboring 500 Pine street

Biznow; March 7, 2017

 

 

Shorenstein Properties, in a partnership with Swig Co and Weiler & Arnow Management Co, eventually sold that land fully entitled at 350 Bush and the neighboring 500 Pine St to Lincoln Property for $65M in 2007. The Great Recession hit and the only leasing opportunity for the site was from the EPA, which wanted a new headquarters and said it would agree to a 15-year lease. But the economy was so bad, no one would finance the project, stalling progress yet again.