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