Wednesday, November 4, 2015

HFF closes sale of 85-unit apartment building in Burlingame, CA

(Photo by Todd Quam)

Burlingame Towers, 1469 Bellevue Avenue, Burlingame, CA

Scott Bales

SAN FRANCISCO, CA  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Burlingame Towers, an 85-unit, eight-story apartment building in Burlingame, California.

HFF marketed the asset on behalf of the seller, Mayfield Companies.  Romel Enterprises, LLC purchased the property after defeasing the existing loan.

Burlingame Towers is situated in downtown Burlingame at 1469 Bellevue Avenue approximately one half of a mile from the Burlingame Caltrain Station, which provides direct access to San Francisco and downtown Palo Alto. 

The mid-rise building is Burlingame’s tallest residential structure offering views of the San Francisco Bay/Peninsula and is within walking distance of the downtown area’s retail and dining attractions. 

Burlingame Towers has 85 one-, two- and three-bedroom units with floor-to-ceiling windows and private balconies.  Property amenities include a heated swimming pool with outdoor seating area, lobby with resident social areas and a two-level parking garage with elevator access.

The HFF investment sales team representing Mayfield Companies was led by managing director Scott Bales and associate director Adam Simon.

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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