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| Tribune Tower, Downtown Oakland, CA |
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| Bruce Ganong |
SAN FRANCISCO, CA ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $23 million in
acquisition and capital improvement financing for Tribune Tower, an iconic 20-story office building in downtown
Oakland, California.
HFF worked on behalf of
the borrower, Harvest Properties and True North Management Group, to place the
floating-rate loan with a debt fund based on the East Coast.
Tribune Tower features
88,334 square feet including ground floor retail. The property was originally built in 1906 for
The John Breuner Furniture Company as a showroom and store.
In 1923, the adjoining 20-story, steel-frame
iconic Renaissance Revival-style clock tower was completed, and the Oakland
Tribune took occupancy for the next 65 years.
Harvest Properties along with True North will embark upon a capital
improvement plan to transition the tower into a best-in-class creative office
environment.
The Tribune Tower is located at 409 13th
Street in downtown Oakland, ideally located a half a block from the 12th
Street/City Center BART station.
The HFF debt placement
team representing the borrower was led by senior managing director Bruce Ganong, associate director Brandon Roth and associate Zachary Kersten
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
.
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