HFF announces $17.85 Million in post-acquisition financing for 1450 Veterans Boulevard in Redwood City, CA

  

1450 Veterans Boulevard Office  Building, Downtown Redwood City, CA

 SAN FRANCISCO, CA – August 23, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces $17.85 million in post-acquisition financing for 1450 Veterans Boulevard, a three-story, 53,000-square-foot office building in downtown Redwood City, California.

Chris Gandy

The HFF team worked on behalf of the borrower, REES Properties, Inc., to secure the 10-year, fixed-rate loan through Principal Commercial Capital, Principal Real Estate Investors’ CMBS platform.  

Principal Real Estate Investors is also the primary servicer of the loan, proceeds of which will be used to refinance the existing mortgage on the property. 

In a previously announced transaction, HFF represented the seller, Griffin Capital, in the sale to REES Properties, Inc.

1450 Veterans Boulevard is located in downtown Redwood City, just one mile from the Redwood City Caltrain station, providing direct access to downtown San Francisco.  

Downtown Redwood City offers the unique combination of proximity to Stanford University, venture capital, the U.S. Highway 101 corridor and connectivity to the executive housing corridor along Interstate 280 via Woodside Road. 

The HFF debt placement team representing the borrower included director Chris Gandy and real estate analyst Jason Carlos.

Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

For more information on this 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