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| San Mateo BayCenter, 901 and 951 Mariners Island Boulevard and 999 Baker Way San Mateo, CA |
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| Bruce Ganong |
SAN FRANCISCO, CA – HFF announced today that it has arranged
post-acquisition financing for San Mateo BayCenter, a three-building
Class A office campus totaling 303,257 square feet in San Mateo, California for
Rockpoint Group.
HFF
worked on behalf of the borrower to secure the floating-rate, post-acquisition
financing through Wells Fargo. HFF also
handled the sale of the property, which closed in September, on behalf of
Equity Office Properties.
Situated at the intersection of U.S. Highway 101 and Highway 92
equidistant from San Francisco and Silicon Valley, San Mateo BayCenter enjoys
excellent access to retail amenities and public transportation.
Originally built in
1987, San Mateo BayCenter is comprised of three institutionally maintained
five- and seven-story office buildings located at 901 and 951 Mariners Island
Boulevard and 999 Baker Way. The campus
is more than 98 percent leased to a diversified roster of tenants including
Marketo, Brightedge Technologies and Actuate.
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| Jordan Angel |
The HFF debt placement team representing the borrower was
led by senior managing director Bruce Ganong, director Jordan Angel
and associate Walter Chui.
“Strong occupancy, positive sub-market fundamentals, and
best in class sponsorship encouraged competitive proposals from a number of
lenders and Wells Fargo won the business with a flexible proposal that met the
borrower’s request,” Ganong said.
The HFF investment sales team representing the seller was
led by managing director Steven Golubchik, senior managing director and
co-head of HFF’s national office investment sales platform Michael Leggett and
director John Simerlein.
"It's one of the best products built on the 92
corridor," Golubchik said. “Interest in this vertical, urban-style project
was incredibly high. San Mateo
BayCenter has plenty of parking, and some of the floors have been converted to
tech-friendly ‘creative spaces’ with open floor plans.”
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| Steve Golubchik |
Rockpoint Group, L.L.C. is a global real estate investment
management firm headquartered in Boston, with additional primary offices in San
Francisco and Dallas.
Equity Office Properties is one of the largest and most
well-respected commercial real estate firms in the nation, with a portfolio
encompassing 70 million square feet of Class A office space under management in
superior locations throughout the country.
For more information, visit www.equityoffice.com.
For a complete
copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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