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| (Photo by Todd Quam) Burlingame Towers, 1469 Bellevue Avenue, Burlingame, CA |
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| Scott Bales |
SAN FRANCISCO, CA – Holliday Fenoglio Fowler, L.P. (HFF)
announced it has closed the sale of Burlingame
Towers, an 85-unit, eight-story apartment building in Burlingame,
California.
HFF marketed the asset on
behalf of the seller, Mayfield Companies.
Romel Enterprises, LLC purchased the property after defeasing the existing
loan.
Burlingame Towers is
situated in downtown Burlingame at 1469 Bellevue Avenue approximately one half
of a mile from the Burlingame Caltrain Station, which provides direct access to
San Francisco and downtown Palo Alto.
The mid-rise building is
Burlingame’s tallest residential structure offering views of the San Francisco
Bay/Peninsula and is within walking distance of the downtown area’s retail and
dining attractions.
Burlingame Towers has 85
one-, two- and three-bedroom units with floor-to-ceiling windows and private
balconies. Property amenities include a
heated swimming pool with outdoor seating area, lobby with resident social
areas and a two-level parking garage with elevator access.
The HFF investment sales
team representing Mayfield Companies was led by managing director Scott Bales and associate director Adam Simon.
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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