Wednesday, August 7, 2013

HFF arranges $14.95 million financing for The Pointe at Redwood Shores on San Francisco Peninsula


The Pointe at Redwood Shores, Redwood City, CA
 
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.

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.

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). 

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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