Sunday, April 15, 2012

HFF arranges $60 million permanent loan for Class A office complex in Walnut Creek, CA

 SAN FRANCISCO, CA – HFF announced it has arranged a $60 million permanent loan for Plaza at Walnut Creek (top left photo), a two-building, 338,737-square-foot, Class A office complex in Walnut Creek, California.

Working exclusively on behalf of Clarion Partners, HFF placed the fixed-rate loan with Cornerstone Real Estate Advisers. 
Plaza at Walnut Creek is located at 1331and 1333 North California Boulevard in downtown Walnut Creek, close to Interstate 680, Highway 24, the Broadway Plaza Shopping Center and the Walnut Creek BART station. 

The project is leased to investment grade tenants including Morgan Stanley, Merrill Lynch, Comerica Bank, Wells Fargo, Mutual of America, US Bank and Lincoln National Life.

The HFF team representing Clarion Partners was led by senior managing director Bruce Ganong (middle right photo) and director Chris Gandy (lower left photo)

“The Plaza at Walnut Creek enjoys a prominent core location in the heart of downtown Walnut Creek within walking distance of abundant retail, dining and service amenities.  Its location and institutional quality continue to command market leading rents,” said Ganong.

Clarion Partners covers a broad range of real estate strategies across the risk/return spectrum – from core to core-plus and value-added to opportunistic.  With $23.4 billion in total assets under management, Clarion invests in high-quality properties, typically from the five key property types: office, retail, industrial, multi-housing, residential and hotel.


BRUCE GANONG                           
HFF Senior Managing Director        
 (415) 276-6300                                                   

CHRIS GANDY                                 
HFF Associate Director                    
(415) 276-6300                                                       

HFF Associate Director, Marketing
(713) 852-3500