HFF Announces $132.9M Financing for 3-Property Apartment Portfolio in San Mateo, California
April 16 2018 - 3:20PM
Business Wire
HFF announces the $132.9 million financing for a three-property,
Class A apartment portfolio totaling 336 units in San Mateo,
California.
The HFF team worked exclusively on behalf of the borrower, an
affiliate of Stockbridge Capital Group, to secure the fixed-rate
loan through TH Real Estate. Loan proceeds were used to retire
existing construction financing.
The transit-oriented portfolio is ideally situated midway
between San Francisco and Silicon Valley immediately south of the
Hillsdale Caltrain station. The offering includes Field House
located at 282 Pony Lane (108 units), The Russell located at 3098
Kyne Street West (158 units) and Quimby located at 3068 Kyne Street
West (70 units). The Russell and Quimby also feature 9,960 square
feet of ground-floor retail leased to Blue Bottle, Tin Pot Creamery
and Roam Burger. The borrower and their development partner, Wilson
Meany, developed the three properties as a part of the larger
pedestrian-friendly Bay Meadows master planned community, which
features 18 acres of parks and open space and will include 1,100
residential units, 944,000 square feet of office space, up to
40,000 square feet of retail and a new high school once fully
completed.
The HFF debt placement team representing the borrower included
senior managing director Bruce Ganong, senior director Chris Gandy
and analyst Bercut Smith.
Holliday GP Corp. ("HFF") is a real estate broker licensed with
the California Department of Real Estate, License Number
01385740.
About Stockbridge Capital
Group
Stockbridge Capital Group (http://stockbridge.com/) is a real estate
investment management firm headquartered in San Francisco,
California, with offices in New York, Chicago and Atlanta. The
firm’s portfolio is comprised of assets across the risk spectrum,
spanning all major property types throughout the United States. As
of September 30, 2017, the firm’s total assets under management was
$11.1 billion.
About HFF
HFF and its affiliates operate out of 26 offices and are a
leading provider of commercial real estate and capital markets
services to the global commercial real estate industry. HFF,
together with its affiliates, offers clients a fully integrated
capital markets platform, including debt placement, investment
advisory, equity placement, funds marketing, M&A and corporate
advisory, loan sales and loan servicing. HFF, HFF Real Estate
Limited, HFF Securities L.P. and HFF Securities Limited are owned
by HFF, Inc. (NYSE: HF). For more information, please visit
hfflp.com or follow HFF on Twitter @HFF.
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version on businesswire.com: https://www.businesswire.com/news/home/20180416006440/en/
HFFBRUCE GANONG, 415-276-6300CA Lic. #01332792HFF
Senior Managing Directorbganong@hfflp.comorCHRIS GANDY,
415-276-6300CA Lic. #01899208HFF Senior
Directorcgandy@hfflp.comorOLIVIA HENNESSEY, 713-852-3500HFF
Public Relations Specialistohennessey@hfflp.com
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