LOS ANGELES, CA – HFF announced today that it has arranged $14.6 million in
financing to redevelop 1000 Sansome, a 60,000-square-foot office building in San Francisco’s Waterfront/Jackson Square district.
HFF worked on behalf of the borrower, ATC Partners, LLC, a full-service real estate firm, to place the non-recourse, floating-rate loan through a regional bank. The borrower plans a Class-A upgrade of the brick-and-timber property.
1000 Sansome, originally built more than 100 years ago, will be redeveloped and reimagined as a 21st century creative office property, complete with a steel seismic upgrade, two-story lobby of channel glass, new skylights, restroom upgrades and new amenities, including bike racks and an on-site fitness center with showers. Situated on 0.57 acres in the historic Waterfront/Jackson Square district, the four-story building is at the corner of Sansome and Vallejo Streets three blocks from the San Francisco Bay and north of the Financial District. The HFF team representing the borrower was led by senior managing director Paul Brindley and associate directors Jeff Sause and Brandon Roth.
The building renovation is the most recent project for San Francisco-based ATC Partners, LLC. Since 1992, the firm has specialized in value-add office and warehouse projects with a hands-on commitment at each stage of the turnaround process, from acquisition and renovation to leasing and management. For more information, visit www.atcpartners.com.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: 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 offers 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 @HFF.