JAMESTOWN Premier
American real estate operator JAMESTOWN has formed JAMESTOWN Premier, a perpetual-life commingled core-plus fund. In the formation transaction, the Fund acquired three iconic assets: One Times Square, known for the “ball drop” on New Year’s Eve as well as countless movies and television shows; Chelsea Market, a trophy building in the meatpacking district of New York; and Pacific Place, a mixed-used property prominently located on Market Street in San Francisco. The JAMESTOWN Premier’s acquisition focus lies in high quality, income producing office and retail properties in 24-hour metropolitan centers including New York, Boston, Washington D.C. and San Francisco, with an expected hold period of 7 to 12 years to allow for adequate value creation.
The acquisition of these three assets required approximately $900 million of equity, with the bulk of the money coming from pension funds in the United States, Australia and Europe and $60 million invested by JAMESTOWN senior management.

