Monday, November 5, 2012

HFF secures $27.5 million financing for San Diego Union Tribune headquarters in San Diego, CA

San Diego Union Tribune Headquarters

 SAN DIEGO, CA – HFF announced today that it has secured $27.5 million in financing for the San Diego Union Tribune Headquarters, a three-building, 329,000-square-foot,  mixed-use complex in San Diego, California.

                 Working exclusively on behalf of the borrower, an entity controlled by Manchester Financial Group, HFF placed the five-year, fixed-rate loan with one of its correspondent life companies.  Loan proceeds were used to refinance the long time headquarters for the San Diego UT.  HFF will also service the loan.

Tim Wright
Renovated in 2012, the collateral consists of a five-story, 165,000-square-foot office building, a three-story, 161,000-square-foot industrial building used for production purposes, and a 2,500-unit service building.  The property is the central location for the company’s digital, print and multimedia platforms, and is situated on 13 acres at 350 Camino de la Reina, adjacent to Fashion Valley Mall and close to the 163 and I-8 Freeway interchange in Mission Valley.

                The HFF team representing the borrower was led by senior managing director Tim Wright and associate directors Bryan Clark and Zack Holderman.


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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