Tuesday, November 13, 2012

HFF closes sale of a Class A San Francisco Bay Area Office/R&D development



Tech Park at North Canyons, Livermore, CA
SAN FRANCISCO, CA – HFF announced it has closed the sale of Tech Park at North Canyons, a two-building, 145,220-square-foot, Class A office/R&D development in Livermore, California.

                HFF represented the seller, Prime Finance Partners in the sale of the property to Ellis Partners.

                Tech Park at North Canyons is located at 455 and 477 North Canyons Parkway on 11 acres within the Tri-Valley Technology Park, situated north of Interstate 580 and the Livermore Municipal Airport in San Francisco’s Bay Area.  The two single-story buildings are 65 percent leased to tenants including Nissan, Kraft and Caltrans.

Steven Golubchik
 The HFF investment sales team representing Prime Finance Partners was led by managing director Steven Golubchik and associate director Mark Damiani.

“With increasing tenant demand in the Tri-Valley, coupled with few large blocks of available contiguous space for users, Livermore has become a market gaining both user and investor interest,” said Golubchik.

Prime Finance is a national balance sheet lender that provides first mortgage bridge loans and sub-debt with offices in San Francisco, Chicago and New York.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

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