HFF secures $43.34 million financing for repositioning of Concord Airport Plaza in Concord, CA

Chris Gandy

SAN FRANCISCO, CA – July 12, 2017– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $43.34 million in financing for Concord Airport Plaza, a two-building office property totaling 350,256 square feet in Concord, California.

HFF placed the five-year, floating-rate loan with ACORE Capital, a leading commercial real estate finance company.  Loan proceeds will be used to reposition the property.

Concord Airport Plaza is situated on a 7.94-acre site at 1200 and 1220 Concord Avenue less than two miles from the Concord BART Station in the East Bay area. 

 This location has a robust amenity base, including retail offerings at Heritage Square, the Pleasant Hill Shopping Center and Sun Valley Shopping Center and freeway access via Interstate 680 and Highways 242, 4 and 24. 

The HFF debt placement team was led by director Chris Gandy and associate Christie Donnelly.

For investors, ACORE is focused on generating alpha through attractive commercial real estate debt investments coupled with superior risk management. ACORE is led by commercial real estate finance veterans Boyd Fellows, Stew Ward, Chris Tokarski and Warren de Haan. 

For more information, please visit www.acorecapital.com. 

  

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

krmurphy@hfflp.com