HFF Carolinas expands its investment advisory team with addition of Caylor Mark

Caylor Mark

CHARLOTTE, NC –– HFF announced it has expanded its multi-housing investment advisory team with the addition of director Caylor Mark. 

Mr. Mark will work alongside Justin Good, Jeff Glenn and Allan Lynch to focus on multi-housing investment advisory transactions across the Southeast.

Mr. Mark joined HFF’s Atlanta office in June 2014 and recently relocated to the Carolinas office.  He has more than nine years of experience in commercial real estate and began his career as an analyst at Cassidy Turley in New York. 

Mr. Mark holds an MBA from the University of North Carolina and a Bachelor’s degree from the University of Virginia.  He is an active member of both Urban Land Institute and the National Multifamily Housing Council.   

Ryan Clutter

“We are excited to have Caylor as part of the Carolinas investment advisory team,” said Ryan Clutter, senior managing director and co-head of HFF’s Carolinas office.  “He has a superb track record since joining HFF four years ago, being involved in more than $1.9 billion of closed deals in the Southeast.”

Holliday GP Corp. ("HFF") is a North Carolina licensed real estate broker.

 For more information, please contact:

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
krmurphy@hfflp.com

HFF announces $145 Million construction financing for renovation and expansion of 633 Folsom in San Francisco

633 Folsom office tower, SOMA submarket, San Francisco, CA

SAN FRANCISCO, CA –– HFF announces $145 million in construction financing for 633 Folsom, a seven-story, 171,632-square-foot office building in the SOMA submarket of San Francisco, California.

Bruce Ganong

The HFF team worked on behalf of the borrower, The Swig Company LLC, to secure the construction loan through a domestic bank.  Loan proceeds will be used to complete a full building renovation and expansion, which will add five floors and transform the property into a 12-story, 266,053-square-foot, Class A office building.

Originally built in 1967 by The Swig Company, 633 Folsom has been fully leased for the past 20 years, most recently to California Pacific Medical Center. 

The renovation and expansion project is scheduled to commence in the Summer of 2018 and construction of the new five-story addition will increase the rentable area by over 94,000 square feet and raise the height of the building from 92 feet to approximately 165 feet.

The HFF debt placement team representing the borrower consisted of senior managing director Bruce Ganong and analyst Bercut Smith.

“The planned repositioning and expansion of 633 Folsom coincides with a shift in leasing patterns from traditional tenants seeking 5,000 to 10,000 square feet to large users establishing new headquarters or satellite campus locations in the San Francisco CBD,” said Ganong.  “It will be exciting to watch The Swig Company execute its plan to transform 633 Folsom into a Class A building.”

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
krmurphy@hfflp.com

www.swigco.com.

HFF announces $16.28 Million sale of Eight condominium units in Southern California medical office building

Evan Kovac

SAN DIEGO, CA –– HFF announces the $16.285 million sale of eight fully leased condominium units totaling 40,027 square feet within a Class A medical office building in Rancho Mirage, California.

The HFF team marketed the units on behalf of five separate sellers.  Milwaukee-based Hammes Partners purchased the assets in an off-market, sale-leaseback transaction.

Completed in 2008, the majority of the units in the one-story property are leased to Eisenhower Health (Moody’s: Baa2).  

The property is located at 72780 Country Club Drive at the “main and main” intersection of Country Club Drive and Monterey Avenue in Rancho Mirage, a high barrier-to-entry market with robust demographics. 

The property is less than two miles from the 463-bed Eisenhower Medical Center, the dominant hospital in the area.  As part of the transaction, the sellers signed long-term triple-net leases.

Andrew Milne

The HFF medical office investment advisory team representing the seller consisted of managing director Evan Kovac, director Andrew Milne and senior associate Trent Jemmett.

“The new owner has the opportunity to build a long-term relationship with Eisenhower Health and expand their footprint within Southern California,” Kovac said.  “The condominium units represented the unique opportunity to acquire an institutional-quality core medical office within an excellent market.”

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

Trent Jemmett

Hammes Partners is a private equity firm focused exclusively on the U.S. healthcare real estate market.  

Hammes Partners is complemented by a suite of services offered by its affiliates, including Hammes Company Healthcare, a nationally recognized healthcare industry leader since 1993.  The company is headquartered in Milwaukee, Wisconsin. 

For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

www.hammespartners.com.