Greenwich provides the green for Bay Area deal
Greenwich, Conn.-based Greenwich Capital has closed a $75 million loan to an affiliate of The Martin Group, San Francisco, for the acquisition of 180 Montgomery St. in San Francisco. The Martin Group acquired 180 Montgomery from Washington, D.C.-based Carlyle Group. The floating-rate, non-recourse loan is based on 30-day LIBOR, and has an initial maturity of three years, extendable to five.
Located in San Francisco's financial district, 180 Montgomery St. is a 300,000 sq. ft., Class-A building that is fully leased.
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© 2012 Penton Media Inc.
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