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| Colby Mueck |
HOUSTON, TX, March 1, 2017 – Holliday Fenoglio Fowler, L.P.
(HFF) announced today that it has secured $11.5 million in financing for 2120 University, a 49,390-square-foot
office property in downtown Berkeley, California.
HFF worked on behalf of
the borrower, Lionstone Investments, to place the 10-year acquisition loan through
HFF’s correspondent relationship with an insurance company.
2120 University is located
at “Main and Main” in downtown Berkeley just off the campus of the University
of California at Berkeley and within walking distance of the Downtown Berkeley BART
station.
Recently renovated in 2014, the seven-story property features two ground floor retail spaces and six floors of office space that is fully leased to WeWork.
Recently renovated in 2014, the seven-story property features two ground floor retail spaces and six floors of office space that is fully leased to WeWork.
The HFF debt placement
team representing the borrower was led by managing director Colby Mueck, associate director Brandon
Roth and real estate analyst Rob Bova.
“There was a tremendous
amount of enthusiasm from insurance companies, which is a testament to
Lionstone’s track record, as well as lenders’ increased appetite this year for
well-located, high quality real estate,” said Roth.
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| Brandon Roth |
Lionstone Investments is a
data-analytics driven real estate investment firm that specializes in
conceptualizing, analyzing, and executing national investment strategies on
behalf of institutional investors and high net worth individuals.
Lionstone’s objective is to identify and execute smart investments by understanding the evolution of internationally competitive cities, then pinpointing where the most productive people in America want to live and work—Places for Productive People.® Since its founding in 2001,
Lionstone has consistently
generated cycle-tested real estate investment performance that has exceed peer
and industry benchmarks. Lionstone’s
investment DNA was, and continues to be, data-driven, and is its greatest point
of differentiation from other firms.
Using proprietary research
tools and algorithms, a highly-skilled staff, and deeply-experienced
leadership, Lionstone sources unique investment opportunities and effectively
executes them nationwide. Please visit
our website at: www.lionstoneinvestments.com
For a
complete copy of the company’s news release, please contact:
Kristen M. Murphy
Director, Public Relations
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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