Thursday, August 4, 2016

HFF arranges $35 million permanent financing for San Francisco Bay Area office and R&D property

Crossroads Technology Park, 3180--3280 Whipple Road, Union City, CA
Brandon Roth
SAN FRANCISCO, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $35 million in non-recourse permanent financing for Crossroads Technology Park, a fully-leased office and R&D property totaling 322,318 square feet in the San Francisco Bay Area community of Union City, California. 

HFF worked on behalf of Woodstock Development, Inc. and Nearon Enterprises to place the seven-year, fixed-rate loan with a domestic money center bank.

Situated on 23 acres, Crossroads Technology Park is located at 3180-3280 Whipple Road in Union City approximately 19 miles south of Oakland and 30 miles southeast of downtown San Francisco.

 The property has easy access to Highways 880, 580 and 680 in addition to the Dumbarton and San Mateo Bridges.  Built between 2000 and 2001, Crossroads Technology Park consists of approximately 80 percent office finish, 10 percent lab and 10 percent warehouse with 18’ to 24’ clear heights, dock drive loading doors and floor-to-ceiling windows. 

The HFF debt placement team representing the seller was led by managing director Peter Smyslowski and associate director Brandon Roth.

 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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