SAN FRANCISCO, CA, August 5, 2014 - HFF announced today that it has arranged construction financing for the development of 181 Fremont Street, a LEED Platinum Certified, fully-entitled, class A+ office and luxury condominium development in the heart of the South Financial District in San Francisco, California.
HFF secured the $480 million construction loan for Jay Paul Company, one of the West Coast`s leading real estate development firms, through Starwood Property Trust. HFF closed the sale of the asset in 2013 for an undisclosed amount, and Jay Paul commenced construction of the Tower shortly thereafter.
The site is situated on 0.35 acres in San Francisco`s South Financial District immediately adjacent and connected to the new business district known as Transit Center District. When completed, the 55-story, mixed-use property will rise 802 feet high and will be the tallest office and residential tower on the West Coast. The LEED Platinum Certified project features a state-of-the-art exoskeleton design with efficient column-free floor plates, panoramic city and bay views, and a direct connection via sky-bridge to the Transbay Transit Center 5.4-acre rooftop city park.
The HFF debt placement team was led by managing director Peter Smyslowski, director Chris Gandy and associates Walter Chui and Brandon Roth.
"It was a privilege to play a small part in the development of what will be one of the most iconic office towers in the nation," Smyslowski said. "Starwood Property Trust performed flawlessly, and the Jay Paul Company has planted an enormous flag in the San Francisco skyline."
Founded in 1975, Jay Paul Company developed over 8 million square feet of institutional quality commercial real estate throughout California. The company focuses on the creation of large scale, award winning campuses. These innovative and sustainable workplaces have been embraced by the world`s leading technology companies. For more information, please visit jaypaul.com.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (HF). HFF operates out of 23 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 hfflp.com or follow HFF on Twitter at twitter.com/hff.
HFF Managing Director
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Source: HFF, Inc. via GlobeNewswire