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| 1450 Veterans Boulevard Office Building, Downtown Redwood City, CA |
SAN FRANCISCO, CA – August
23, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces $17.85 million in
post-acquisition financing for 1450 Veterans Boulevard, a three-story,
53,000-square-foot office building in downtown Redwood City, California.
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| Chris Gandy |
Principal Real Estate Investors is also the primary servicer of the loan, proceeds of which will be used to refinance the existing mortgage on the property.
In a previously announced
transaction, HFF represented the seller, Griffin Capital, in the sale to REES
Properties, Inc.
1450 Veterans Boulevard is
located in downtown Redwood City, just one mile from the Redwood City Caltrain
station, providing direct access to downtown San Francisco.
Downtown Redwood City offers the unique combination of proximity to Stanford University, venture capital, the U.S. Highway 101 corridor and connectivity to the executive housing corridor along Interstate 280 via Woodside Road.
Downtown Redwood City offers the unique combination of proximity to Stanford University, venture capital, the U.S. Highway 101 corridor and connectivity to the executive housing corridor along Interstate 280 via Woodside Road.
The HFF debt placement
team representing the borrower included director Chris Gandy and real estate analyst Jason Carlos.
Holliday Fenoglio Fowler,
L.P., acting by and through Holliday GP Corp., a real estate broker licensed
with the California Department of Real Estate, License Number 01385740.
For more information on this 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
krmurphy@hfflp.com
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