 |
| Physicians Medical Center, 901 Campus Drive, Daly City, CA |
 |
| Paul Slye |
The HFF team represented the seller, Swift Real Estate Partners,
and procured the buyer, Pinnacle Capital Management Services (PCMS) and joint
venture investment partners, Harrison Street Real Estate Capital LLC.
Additionally, the HFF team worked on behalf of
the buyer to secure the non-recourse, floating-rate acquisition loan through
one of its relationship lenders.
 |
| Evan Kovak |
The property is situated on 2.48 acres within
one of the strongest medical office markets in the country with excellent
highway accessibility via Interstate 280 and State Routes 35 and 1.
The population within a three-mile radius of the building is more than 172,000 residents earning an average household income of $111,356.
The three-story building is 92 percent leased – the majority to two nationally recognized anchor tenants, Palo Alto Medical Foundation – Sutter Health and Campus Surgery Center – AmSurg/Envision Healthcare.
The population within a three-mile radius of the building is more than 172,000 residents earning an average household income of $111,356.
The three-story building is 92 percent leased – the majority to two nationally recognized anchor tenants, Palo Alto Medical Foundation – Sutter Health and Campus Surgery Center – AmSurg/Envision Healthcare.
 |
| Andrew Milne |
Exterior improvements included envelope, lighting and landscape upgrades as well as an asset signage package. In addition to the building’s upgrades, Swift stabilized the asset with longer term leases, including two anchor tenants.
“We are delighted to close our second successful transaction with
Swift and initiate our first with the team at HFF,” said PCMS CEO, Paul
Slye.
“Physicians Medical Center joins our growing portfolio of managed
and joint venture investments with Harrison Street Real Estate Capital.
The fundamental strengths of this location and property will be enhanced as we
continue to improve the property and strengthen its institutional grade tenant
base.”
 |
| David Dokko |
The HFF investment advisory team representing the seller included
managing director Evan Kovac and director Andrew Milne, members of HFF’s
national healthcare capital markets group, and director David Dokko from HFF’s
San Francisco office.
HFF’s national healthcare debt and equity placement team
representing the borrower consisted of senior directors Zack Holderman and John
Chun and senior associate Trent Jemmett.
Holliday GP Corp. ("HFF") is a real estate broker
licensed with the California Department of Real Estate, License Number
01385740.
Founded in 2010, Swift Real Estate Partners is headquartered in
San Francisco, and has regional offices in Orange County, Portland, the San
Francisco East Bay and the Silicon Valley.
Swift is a vertically-integrated real estate investment firm which seeks to generate superior risk-adjusted returns for its partners.
Swift acquires and repositions office and industrial assets in select West Coast markets, identifying unique opportunities and executing well-defined business plans while providing real-time, day-to-day oversight for each investment.
Since inception, Swift has owned and operated
real estate valued in excess of $3 billion across more than 10 million square
feet. Swift’s first institutional fund was raised in 2013 and is fully
deployed.
Swift’s Fund II was raised in 2016 and is substantially committed. Swift’s investor base includes U.S. pension funds, endowments and foundations, as well as foreign investors and investment advisors.
Swift's professionals bring experience encompassing all aspects of real estate investment and management, including acquisition, financing, leasing, disposition, and construction management, property management and creative and marketing services.
Swift is a vertically-integrated real estate investment firm which seeks to generate superior risk-adjusted returns for its partners.
Swift acquires and repositions office and industrial assets in select West Coast markets, identifying unique opportunities and executing well-defined business plans while providing real-time, day-to-day oversight for each investment.
 |
| John Chun |
Swift’s Fund II was raised in 2016 and is substantially committed. Swift’s investor base includes U.S. pension funds, endowments and foundations, as well as foreign investors and investment advisors.
Swift's professionals bring experience encompassing all aspects of real estate investment and management, including acquisition, financing, leasing, disposition, and construction management, property management and creative and marketing services.
For more information, please contact:
KRISTEN MURPHY
HFF Director, Public
Relations
(617) 338-0990
No comments:
Post a Comment