Real Estate/Development
May 1, 2000
No grubbing for Ellis in $210 million buy
The co-founder of Grubb & Ellis has agreed to pay a premium price of $210 million for a 700,000-square-foot office complex at 303 Second St. in San Francisco.
Hal Ellis, now owner and head of Ellis Partners Inc. in San Francisco, signed the contract with Lend Lease Real Estate Investments Inc., which as Equitable Real Estate Investments acquired title to the property in 1995.
Equitable held a half interest in the complex at the time. Marathon U.S. Realty, the subsidi...
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