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| 1333 Broadway, Oakland, CA |
SAN FRANCISCO, CA –– HFF
announces that it has arranged approximately $93 million in acquisition
financing for 1333 Broadway, a 253,393-square-foot, Class A office
building in Oakland, California.
HFF worked on behalf of Swift
Real Estate Partners to secure the floating-rate acquisition loan through an
affiliate of Brookfield Asset Management.
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| David Copeland |
The property has convenient access to the Bay Area’s highway
system via Highways 980 and 880 and with a Walk Score® of 99, is within walking
distance of a multitude of restaurants, beer gardens, cafes, retail shops and
entertainment options in Uptown Oakland.
Major tenants at the 95% leased office tower include Delta
Dental and Teecom.
“Swift is thrilled to purchase such a high-quality building located in the
heart of Oakland on top of the City Center Bart station,” said David
Copeland, the Director that led the acquisition for Swift Real Estate
Partners.
“1333 Broadway
benefits from a strong tenant base that has invested significantly in their
space. This area is undergoing a substantial transformation enhanced by
approximately 1,500 new residential units and corresponding ground floor retail
under construction within a three-block radius.”
The HFF debt placement team
that arranged the financing consisted of managing directors Jordan Angel and
Mark Root.
Jacobus Machalow of
Orrick provided legal representation for Swift Real Estate Partners.
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| Jordan Angel |
“The accretive acquisition financing will enable Swift to
work through their business plan on an asset in one of the best office real
estate markets in the Bay Area.”
Holliday GP Corp.
("HFF") is a real estate broker licensed with the California Department
of Real Estate, License Number 01385740.
About Swift Real Estate
Partners
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.
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| Mark Root |
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 2014 and is
fully deployed. Swift’s Fund II was raised in 2016 and is fully 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 management, including acquisition, financing,
leasing, disposition, construction oversight and property management.
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| Jacobus Machalow |
JORDAN ANGEL
CA Lic. #01419993
Managing Director
(415) 276-6300
MARK ROOT
CA Lic. #01839541
Managing Director
(415) 276-6300
KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
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