Done Deals: Apr 25, 2016

Monday, April 25, 2016

HFF secures acquisition financing for Class A office building in San Francisco’s North Bay

Civic Center Plaza, 3950 Civic Center Drive, San Rafael, CA

SAN FRANCISCO, CA –- Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured acquisition financing for Civic Center Plaza, a two-building, Class A office campus totaling 93,535 square feet in San Rafael, California.

Bruce Ganong

Working on behalf of the borrower, a joint venture between Union Property Capital and a high-net-worth investor, HFF placed the loan with USAA Real Estate Company on behalf of an affiliate.

Civic Center Plaza is located at 3900 and 3950 Civic Center Drive on a five-acre site adjacent to Highway 101 in the heart of Marin County. The property is 96 percent leased to multiple tenants including Autodesk and Marin General Hospital.

Originally constructed in 1988 and recently renovated and upgraded in 2011, Civic Center Plaza is LEED Silver certified and has enjoyed stable occupancy throughout its history.

The HFF debt placement team representing the borrower was led by senior managing director Bruce Ganong.

“USAA Real Estate Company provided fixed-rate financing for a term of 10 years and prevailed over a number of competing proposals from other life insurance companies,” said Ganong.

“The depth of interest in this transaction is good evidence that portfolio lenders continue to have ample liquidity and offer attractive terms for strong sponsors with well-located assets generating stable cash flow.”

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

ohennessey@hfflp.com

www.unionpropertycapital.com

www.usrealco.com.

The Ritz-Carlton, Denver, Downtown Denver, CO

Eric Tupler

DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $55.1 million in refinancing for The Ritz-Carlton, Denver, a 202-room, full-service, AAA Five-Diamond award-winning, luxury hotel in downtown Denver, Colorado.

HFF worked on behalf of the borrower, Pearlmark, to place the floating-rate loan with the Canadian Imperial Bank of Commerce. Loan proceeds will be used to refinance an existing loan.

A best-in-class hotel since its 2008 opening, The Ritz-Carlton, Denver underwent $9.3 million in capital improvements between 2013 and 2015.

The hotel features The Ritz-Carlton Club Level® with dedicated concierge and continuous food service throughout the day; Elway’s Restaurant, six-time winner of Wine Spectator’s Award of Excellence; Forbes Four-Star award-winning The Ritz-Carlton Spa; recently-renovated fitness center with adjacent salon; and access to the adjacent TruFit Athletic club with lap pool, Olympic weights and an indoor climbing wall.

Additionally, the hotel offers 12,383 square feet of meeting and event space with access to the hotel’s Event Concierge, Technology Butler® services and a catering and entertainment team.

Daniel Peek

Situated on .5 acres at 1881 Curtis Street, The Ritz-Carlton, Denver is in the epicenter of Denver’s corporate and entertainment district.

Within walking distance from the hotel is Denver Union Station, with access to the light rail, Colorado Convention Center, Coors Field, Pepsi Center, Sports Authority Field at Mile High and more than 36.7 million square feet of office space.

The HFF team representing the borrower was led by senior managing director Eric Tupler, senior managing director and head of HFF’s hotel group Dan Peek and managing director John Bourret.