SAN FRANCISCO, CA (October 4, 2018) – HFF announces the $30 million financing of The Chancery, a 62,421-square-foot, transit-oriented building located on 564 Market Street in San Francisco, California.
The HFF team worked on behalf of the borrower, Chelsea Pacific Group, to secure a term loan through Chase Commercial Term Lending.
Originally built in 1923, The Chancery is a seven-story building featuring ground-floor retail with office space on the floors above. The property was extensively renovated in 2015 and is fully leased to a diverse roster of tenants, including Starbucks and Per Diem Restaurant on the ground floor. Centrally located at 564 Market Street in the middle of San Francisco’s Financial District, The Chancery is directly across the street from the Montgomery Street BART station and within steps of the Second Street Corridor and recently completed Transbay Transit Center terminal.
The HFF debt placement team representing the borrower included senior director Jordan Angel.
“The property’s extraordinary access to BART and MUNI transportation options as well as the incredible job the owner has done in renovating a historic building makes this one of the best jewel box assets in downtown San Francisco,” Angel said.
Holliday GP Corp. (“HFF”) is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.
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.