Monday, May 21, 2018

HFF announces $109.8 Million sale and $103.61 Million financing of 1390 Market Street in San Francisco to Swift

1390 Market Street, San Francico, CA

Michael Leggett

SAN FRANCISCO, CA, May 21, 2018  HFF announces the $109.8 million sale and the $103.61 million financing of a subdivided condominium interest in 1390 Market Street, a transit-oriented, 219,711-square-foot office building with ground-floor retail in San Francisco, California.

The HFF team represented the seller, Broadreach Capital Partners, and procured the buyer, Swift Real Estate Partners. 

 Additionally, the HFF team arranged a floating-rate acquisition loan through Brookfield on behalf of the buyer.

1390 Market Street is located in San Francisco’s Mid-Market, which has become one of the most desirable neighborhoods for growing technology companies. 
Gerry Rohm
This location along Market Street is just two blocks from the Civic Center BART/Muni station providing all major forms of public transit to the San Francisco International Airport, Oakland and the greater Bay Area. 

Originally built in 1967, 1390 Market Street was renovated in 2007 and features 218,791 square feet of office space and 920 square feet of ground-floor retail. 

 The LEED Gold certified building is leased to tenants, including Twitter, Jones Clifford and several branch offices of the City of San Francisco.  The property also includes apartments on the top floors of the building, which were not a part of the sale or financing.

David Dokko

“We are pleased with the acquisition of 1390 Market Street, and are excited to expand our presence in San Francisco,” said Tommy Christman, the asset manager of the acquisition.  “We believe 1390 Market has the potential to be Mid-Market’s premiere multi-tenant destination appealing to a wide array of tenants, including those in government and tech.”

The HFF investment advisory team representing the seller included senior managing directors Michael Leggett and Gerry Rohm, senior directors David Dokko and Ben Bullock, director Thomas Foley and analyst Austin White.

The HFF debt placement team representing the borrower that arranged the Brookfield financing consisted of senior director Jordan Angel and analyst Bercut Smith.

Ben Bullock
Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

Headquartered in San Francisco, Swift Real Estate Partners (“Swift”) is a vertically integrated real estate investment firm, which seeks to generate attractive risk-adjusted returns for its investors. 

Swift acquires and repositions office and industrial assets in select West Coast markets, identifying unique opportunities and executing well-defined business plans while providing real-time, day-to-day oversight for each investment. 

Since inception, Swift has owned and operated real estate valued in excess of $3 billion across more than eight million square feet. 

Christopher Peatross
Swift’s professionals bring experience encompassing all aspects of real estate investment and management, including acquisition, financing, leasing, disposition, construction management, property management and creative and marketing services. 

 Swift was founded in 2010 by Christopher Peatross.

For more information, please contact:

HFF Director, Public Relations
(617) 338-0990

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