 |
475 Samsone Street, San Francisco, CA |
SAN FRANCISCO, CA – HFF announced today that it has arranged
$81 million in financing for 475 Sansome Street, a 21-story,
353,269-square-foot, Class A office building in San Francisco.
 |
| Bruce Ganong |
HFF
worked on behalf Multi-Employer Property Trust (“MEPT”) and MEPT’s real estate
advisor, Bentall Kennedy, to secure the 10-year, fixed-rate loan through
Prudential Mortgage Capital Company.
The
property is located in the North Financial District submarket adjacent to two
of San Francisco’s landmark office properties, Transamerica Pyramid Center and
the Embarcadero Center.
Renovated most recently in 2012, the LEED®-EB Gold office
building is 90 percent leased to tenants including Oracle, Amazon.com, Bank of
the West and Yahoo!, who combined occupy more than half of the property.
 |
| Cary Abod |
The
HFF team representing the borrower was led by senior managing director Bruce
Ganong, managing director Cary Abod and director Chris
Gandy.
“Interest in the financing assignment was solid with
competitive proposals from numerous life insurance companies and commercial
banks. MEPT benefitted from an
enthusiastic response from portfolio lenders attracted by the asset’s quality,
strength of market, and reputation of the sponsor,” said Ganong.
MEPT is a $5.7 billion, open-end commingled real estate
equity fund that invests in a diversified portfolio of institutional-quality
real estate assets in 30 major metropolitan markets across the U.S.
 |
| Chris Gandy |
Founded in 1982,
MEPT is owned by approximately 340 multi-employer, public employee and
corporate pension plans. MEPT is
recognized as a pioneer in Responsible Property Investing (RPI) and is one of
the largest U.S. real estate funds that is signatory to the UN Principals for
Responsible Investment (UN PRI).
Bentall Kennedy is one of North America’s largest real
estate investment advisors, providing its clients with access to one
comprehensive North American real estate platform. Bentall Kennedy serves the interests of more than 500 clients on
assets of more than $30 billion across 140 million square feet of office,
retail, industrial and multifamily properties.
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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