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Blackstone expects to sell San Francisco building for more than $300M

Blackstone Group LP is looking to sell three properties it purchased as a result of its $39 billion acquisition of Equity Office Properties Trust in 2007, Bloomberg News reported.

The company will put San Francisco's historic Ferry Building on sale in the "coming weeks," the report noted, citing Blackstone spokeswoman Christine Anderson. According to the report, the company is expected to take in more than $300 million from the sale.

Additionally, Blackstone is aiming to sell a Snap Inc.-anchored office park in Santa Monica, Calif., and a 32-floor office tower at 100 Summer St. in downtown Boston. The private equity giant reportedly stands to triple its $3.8 billion equity investment with the sale of the three assets and several smaller holdings.