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Chanel Bags Downtown San Francisco Storefront With $63 Million Acquisition

Luxury Retailer Extends Buying Streak in Bid To Leverage Control Over Its Retail Locations

Luxury retailer Chanel will likely relocate its San Francisco outpost at 156 Geary St. after purchasing a building at 340 Post St. in the city's Union Square shopping district. (CoStar)
Luxury retailer Chanel will likely relocate its San Francisco outpost at 156 Geary St. after purchasing a building at 340 Post St. in the city's Union Square shopping district. (CoStar)

Luxury retailer Chanel is exerting control over its real estate future, sealing a $63 million deal to acquire a new location in one of the nation's most iconic shopping districts.

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