SAN FRANCISCO—Holliday Fenoglio Fowler has secured $81 million in financing for 475 Sansome St. The 21-story, 353,269-sq.-ft. office building in San Francisco is owned by Multi-Employer Property Trust, a $5.7 billion open-end commingled real estate equity fund.
“Interest in the financing assignment was solid with competitive proposals from numerous life insurance companies and commercial banks. MEPT benefitted from an enthusiastic response from portfolio lenders attracted by the asset’s quality, strength of market, and reputation of the sponsor,” said Bruce Ganong, HFF senior managing director, in a statement.
The 10-year, fixed-rate loan was secured through Prudential Mortgage Capital Co. Renovated in 2012 the LEED Gold, class-A office building is 90 percent leased to tenants such as Oracle, Amazon.com and Yahoo!