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| Mountain Bay Plaza, 444 Castro, Mountain View, CA |
SAN FRANCISCO, CA – HFF announced today that it has arranged
a $55 million refinancing for Mountain Bay Plaza at 444 Castro, a
12-story, 165,390-square-foot, Class A office tower in downtown Mountain View,
California.
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| Bruce Ganong |
Working on behalf of the borrower, The Swig Company, HFF placed the
fixed-rate loan with John Hancock Real Estate.
Situated in the heart of downtown Mountain View at the corner of Castro
and Mercy Streets, Mountain Bay Plaza enjoys excellent access to public transportation
(Caltrain), and abundant retail and dining amenities in Mountain View’s
downtown core.
Originally built in 1970 and renovated in 2001, the property
features ground floor retail and an office plaza plus 11 floors of office space
above a two-level, 459-space subterranean parking garage.
It is the only
high-rise in downtown Mountain View, offering unobstructed views of Silicon
Valley, San Francisco Bay, and the Santa Cruz Mountains.
The 97 percent leased property features a diversified roster
of prominent Silicon Valley tenants including Fenwick & West, Red Hat,
PricewaterhouseCoopers and Bank of America.
The
HFF team representing The Swig Company was led by senior managing director Bruce
Ganong and associate Walter Chui.
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| Walter Chui |
“The property’s core location and impressive tenant roster,
combined with Swig Company’s premier sponsorship encouraged a competitive
response in which John Hancock prevailed over numerous lenders and delivered an
attractive solution for our client,” said Ganong.
Headquartered in San Francisco, The Swig Company LLC is a private
investment company with a 75-year history of development, ownership and
management of commercial real estate properties in major markets throughout the
United States. The company’s
diversified portfolio includes 9+ million square feet of office buildings in
markets such as New York, San Francisco and Southern California.
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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