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| Peter Smyslowski |
SAN FRANCISCO, CA – HFF announced today that it has arranged
construction financing for the development of 181 Fremont Street, a LEED
Platinum Certified, fully-entitled, class A+ office and luxury condominium
development in the heart of the South Financial District in San Francisco,
California.
HFF
secured the $480 million construction loan for Jay Paul Company, one of the
West Coast’s leading real estate development firms, through Starwood Property
Trust. HFF closed the sale of the asset
in 2013 for an undisclosed amount, and Jay Paul commenced construction of the
Tower shortly thereafter.
The
site is situated on 0.35 acres in San Francisco’s South Financial District
immediately adjacent and connected to the new business district known as
Transit Center District.
When completed, the
55-story, mixed-use property will rise 802 feet high and will be the tallest
office and residential tower on the West Coast.
 |
| Chris Gandy |
The LEED Platinum Certified project features a
state-of-the-art exoskeleton design with efficient column-free floor plates,
panoramic city and bay views, and a direct connection via sky-bridge to the
Transbay Transit Center 5.4-acre rooftop city park.
The HFF debt placement team was led by managing director Peter
Smyslowski, director Chris Gandy and associates Walter Chui
and Brandon Roth.
“It
was a privilege to play a small part in the development of what will be one of
the most iconic office towers in the nation,” Smyslowski said. “Starwood Property Trust performed
flawlessly, and the Jay Paul Company has planted an enormous flag in the San
Francisco skyline.”
Founded in 1975, Jay Paul Company developed over 8 million
square feet of institutional quality commercial real estate throughout
California. The company focuses on the creation of large scale, award winning
campuses.
These innovative and sustainable workplaces have been
embraced by the world's leading technology companies.
For more
information, please visit www.jaypaul.com.
For a complete copy of
the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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