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| The Pointe at Redwood Shores, Redwood City, CA |
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| Michael Leggett |
LOS ANGELES, CA – HFF announced today that it has arranged a
$14.95 million financing for The Pointe at Redwood Shores, an
89,895-square-foot, Class A office campus in Redwood City, California.
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| Dave Karol |
HFF worked on behalf of Kennedy Wilson to secure the
three-year, floating-rate loan through California Bank & Trust.
HFF director Dave
Karol along with senior managing director Michael Leggett, managing
director Steven Golubchik and associate director Mark Damiani
sold the property to the borrower in a transaction closed earlier this year.
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| Steven Golubchik |
Renovated in 2012, the two-building campus is situated on
4.28 acres and is approximately 80 percent leased to five tenants including AB
Sciex (anchor).
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| Mark Wintner |
The building is located at the intersection of Redwood
Shores Parkway and Radio Road providing views of the San Francisco Bay and is
in close proximity to US Highway 101 and Route 92, which provides access to the
San Francisco Peninsula, Silicon Valley and East Bay areas.
The HFF team representing the borrower was led by managing
directors Mark Wintner and Kevin Redford, senior managing
director Paul Brindley and senior real estate analyst Jeff Sause.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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