 |
| Olga Walsh |
SAN DIEGO, CA –– HFF announces the
$384.86 million refinancing of Genesis North and South Towers, two office and
life science buildings totaling 717,883 square feet in South San Francisco,
California.
The HFF team worked on behalf of the borrower,
Phase 3 Real Estate Partners, Inc., to secure a $199.86 million, three-year
loan through one of its life company relationship lenders for the recently completed
Genesis North Tower.
The team
secured a $185 million, five-year, floating-rate loan through a national
commercial bank for the fully stabilized Genesis South Tower, the campus’s
first phase.
Genesis North and South Towers are located at
One and Two Tower Place immediately adjacent to and visible from Highway 101 in
South San Francisco’s life science hub.
This
location is less than 10 minutes from the San Francisco Airport and proximate
to the Bart/Caltrain lines of the San Bruno and South San Francisco
stations.
 |
| Todd Sugimoto |
Due for completion in 2018, Genesis North Tower
is a 21-story, 390,000-square-foot life science building. Genesis South
Tower was completed in 2016 and has 12 stories of laboratory and office
space. The project will include additional tenant and community amenities
and offers panoramic views of the San Francisco Bay.
The HFF debt placement team representing the
borrower included senior managing director Tim Wright, managing director Todd
Sugimoto, senior director Zack Holderman and senior associate Olga
Walsh.
Holliday GP Corp. ("HFF") is a real
estate broker licensed with the California Department of Real Estate, License
Number 01385740.
For more
information, please contact:
KRISTEN MURPHY
HFF Director,
Public Relations
(617) 338-0990
No comments:
Post a Comment