Monday, December 8, 2014

HFF arranges $86 million financing for Rockpoint Group on San Mateo BayCenter in San Mateo, CA


San Mateo BayCenter,  901 and 951 Mariners Island Boulevard and 999 Baker Way
San Mateo, CA


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.

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.”

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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