Dallas-based international full-service real estate firm Lincoln Property Co. announced two deals this week on both the West and East Coast—one focused on sky-rising commercial real estate and the other on construction project management. 

Lincoln said it acquired two Class A office buildings in San Francisco under a joint venture partnership with New York Life Real Estate Investors. And Lincoln announced it acquired BL Mosher Consulting, a construction project management team led by founder Barry Mosher, into its Corporate Advisory & Solutions (CAS) group.

The San Francisco properties, 353 Sacramento St. and 600 Townsend St., are located in the heart of the Financial District and the Design District submarket, respectively, Lincoln said.

Founded in 2008 and based in Topsfield, Massachusetts, BL Mosher Consulting is known for delivering complex real estate projects across North America, managing every stage from conceptual design to project closeout and will now be a part of Lincoln’s CAS group.

The San Francisco office buildings

The San Francisco acquisitions brings two prime properties into the Lincoln fold.

“These high-quality assets are value adds to our San Francisco real estate portfolio,” said Albert Pura, senior director with New York Life Real Estate Investors. “The properties provide in-place cash flow in key submarkets poised for continued strong momentum.”

Located between Jackson Square and the North Financial District, 353 Sacramento is a 284,751 square-foot, 23-story Class A office tower offering views of the Bay, Transamerica Pyramid and the Ferry Building. Current tenants include Wells Fargo, Ramp, Merge and Even-up Law. Lincoln said the building has undergone extensive renovations since 2016 including a new lobby, upgraded elevator systems and modernized elevator lobbies, and restroom renovations.

The other property, 600 Townsend is a 209,801 square-foot, five-story multitenant Class A creative office asset brought to market for the first time.

Located in the Showplace Square submarket, the space has undergone substantial renovations including high-end creative improvements, a significant solar project overhaul, a modernized lobby, and an outdoor patio/lounge. The building is nearly fully leased by SS&C Advent and PagerDuty.

“Downtown San Francisco has shown positive signs of recovery with a thriving local economy. It has become a sought-after location as return-to-office mandates and increased office demands of AI companies drive activity,” Brandon Wang, EVP, Northern California at Lincoln, said in a statement. “Our deep understanding of the market enabled us to acquire these high-quality assets at compelling relative value. We are grateful to partner with NYLREI on these properties and look forward to identifying more opportunities as we continue to believe in the long-term recovery and resurgence of San Francisco’s office market.”

BL Mosher acquisition

In the BL Mosher acquisition, Lincoln said its CAS group works with corporate occupiers across industries to deliver integrated, customized strategies for their real estate portfolios, whether a single headquarters or a multi-market, multi-use footprint.

With offices nationwide, the team leverages deep expertise and actionable insights to navigate complex real estate challenges. The BL Mosher team joins CAS East Division, bringing decades of experience and a strong track record of delivering results on diverse projects.

“BL Mosher Consulting team brings a depth of expertise and leadership that will strengthen Lincoln’s project management capabilities and enhance the value we deliver to our clients,” Norm Bertke, executive managing director and head of CAS at Lincoln, said. “This acquisition reflects our ongoing commitment to providing top-tier expertise across the CAS platform.”

Lincoln said the acquisition underscores its strategy to expand its CAS platform with specialized, high-caliber talent and strategic project management capabilities. With the BL Mosher team integrated, Lincoln said it is positioned to deliver more innovative, efficient, and high-quality solutions for clients across the U.S. and Canada.

“Joining Lincoln marks an important step for our team,” Barry Mosher, founder of BL Mosher Consulting, said in a statement. “We have always focused on delivering client-centered project management services, and now, as a part of Lincoln, we can provide even greater value to clients nationwide.”

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