San Francisco’s Bay Club, which made history in 1977 as the nation’s first co-ed gym, announced the $65 million acquisition of the full city block that has been home to its flagship facility for nearly five decades.
The acquisition encompasses three adjacent properties in San Francisco’s North Waterfront neighborhood: 1 Lombard Street, 150 Greenwich Street, and 1444 Sansome Street, totaling more than 150,000 square feet. The properties were purchased from LaSalle Investment Management Inc. Bay Club was advised in the transaction by CBRE’s Bay Area Capital Markets team.
“We had a simple idea in 1977: build a great club for this city. We’re grateful San Francisco let us, and we’re proud to see it still standing on the same block where it all started,” said Pete Jones, co-founder of the Bay Club.
“San Francisco didn’t just shape Bay Club, it made us,” added Matthew Stevens, president and CEO. “We were born here, we grew here, and we’re not going anywhere. As we approach our 50th year, this acquisition is our commitment, to this city, to our members, and to the next half century. San Francisco is our home, and we’re tripling down on it.”
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