Monday, April 25, 2016

HFF secures acquisition financing for Class A office building in San Francisco’s North Bay

Civic Center Plaza, 3950 Civic Center Drive, San Rafael, CA

 SAN FRANCISCO, CA –- Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured acquisition financing for Civic Center Plaza, a two-building, Class A office campus totaling 93,535 square feet in San Rafael, California.

Bruce Ganong
Working on behalf of the borrower, a joint venture between Union Property Capital and a high-net-worth investor, HFF placed the loan with USAA Real Estate Company on behalf of an affiliate.  

Civic Center Plaza is located at 3900 and 3950 Civic Center Drive on a five-acre site adjacent to Highway 101 in the heart of Marin County.  The property is 96 percent leased to multiple tenants including Autodesk and Marin General Hospital.

 Originally constructed in 1988 and recently renovated and upgraded in 2011, Civic Center Plaza is LEED Silver certified and has enjoyed stable occupancy throughout its history.

The HFF debt placement team representing the borrower was led by senior managing director Bruce Ganong.

“USAA Real Estate Company provided fixed-rate financing for a term of 10 years and prevailed over a number of competing proposals from other life insurance companies,” said Ganong.  

“The depth of interest in this transaction is good evidence that portfolio lenders continue to have ample liquidity and offer attractive terms for strong sponsors with well-located assets generating stable cash flow.”

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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