LOS ANGELES – HFF announced today that it has arranged a $14.95 million financing for The Pointe at Redwood Shores, an 89,895-square-foot, Class A office campus in Redwood City, California.
HFF worked on behalf of Kennedy Wilson to secure the three-year, floating-rate loan through California Bank & Trust. HFF director Dave Karol along with senior managing director Michael Leggett, managing director Steven Golubchik and associate director Mark Damiani sold the property to the borrower in a transaction closed earlier this year.
Renovated in 2012, the two-building campus is situated on 4.28 acres and is approximately 80 percent leased to five tenants including AB Sciex (anchor). The building is located at the intersection of Redwood Shores Parkway and Radio Road providing views of the San Francisco Bay and is in close proximity to US Highway 101 and Route 92, which provides access to the San Francisco Peninsula, Silicon Valley and East Bay areas.
The HFF team representing the borrower was led by managing directors Mark Wintner and Kevin Redford, senior managing director Paul Brindley and senior real estate analyst Jeff Sause.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.comor follow HFF on Twitter at www.twitter.com/hff.