LOS ANGELES – HFF announced today that it has arranged $5 million in financing for San Bruno Office Park, a 54,945-square-foot office property in San Bruno, California.
HFF worked on behalf of the borrower, an entity controlled by ATC Partners, LLC, to secure the seven-year, 3.93 percent, fixed-rate senior loan through Chase Commercial Term Lending. Proceeds were used to refinance existing debt on the property.
San Bruno Office Park consists of two, two-story buildings that are 96 percent leased to a diverse mixture of more than 40 tenants. The property is situated near the San Bruno BART terminal, within a mile of Interstates 280 and 380, and two miles from Highway 101 approximately 12 miles south of downtown San Francisco.
The HFF team representing the borrower was led by senior managing director Paul Brindley and real estate analysts Jeff Sause and Benjamin Gallant.
Founded in 1992, ATC Partners, LLC is a full-service real estate firm with a hands-on commitment to adding value at each stage of the turnaround process from acquisition and renovation to leasing and management. For more information please visit www.atcpartners.com.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.4 trillion and operations in more than 60 countries. Chase serves more than 50 million consumers and small businesses through more than 5,600 bank branches, 18,700 ATMs, credit cards, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships. More information about Chase Commercial Term Lending is available at www.chase.com/CTL.
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.com or follow HFF on Twitter at www.twitter.com/hff.