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| 3900 Adeline Apartments, Emeryville, CA |
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| Bruce Ganong |
SAN FRANCISCO, CA, June
16, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
arranged $28 million in financing for 3900
Adeline, a newly-built, 101-unit multi-housing community in Emeryville,
California.
HFF worked on behalf of
the borrower, Madison Park Financial Corporation, to place the 10-year,
fixed-rate loan with Nationwide Real Estate Investments.
3900 Adeline is situated
at the corner of Adeline and 39th Streets in the heart of the sought-after
North Oakland/Berkeley/Emeryville neighborhood of San Francisco’s East
Bay.
The transit-oriented
property is one block from the Emery Go-Round shuttle and offers nearby access
to the MacArthur BART station, AC Transit regional bus service, Amtrak Capitol
Corridor commuter train and Interstates 80, 580 and 880.
The property is also
convenient to multiple nearby retail amenities and employers in Emeryville, Oakland
and downtown San Francisco (by way of BART train or by car).
Completed in 2015, the
four-building, three-story property has 101 units averaging 776 square feet
each; 1,280 square feet of 100-percent-leased, ground-floor retail; and a
107-space, underground parking garage.
The property features a central courtyard, bike room, electric car
charging stations and a community room with full kitchen.
The HFF team representing
the borrower was led by senior managing director Bruce Ganong.
“The ability to generate
competitive proposals from several life insurance companies so soon after
completion of construction and lease up is a testament to the quality of the
build, desirable core location and strong market fundamentals,” said Ganong.
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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