HOUSTON, TX – March 1, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $11.5 million in financing for 2120 University, a 49,390-square-foot office property in downtown Berkeley, California.
HFF worked on behalf of the borrower, Lionstone Investments, to place the 10-year acquisition loan through HFF’s correspondent relationship with an insurance company.
2120 University is located at “Main and Main” in downtown Berkeley just off the campus of the University of California at Berkeley and within walking distance of the Downtown Berkeley BART station. Recently renovated in 2014, the seven-story property features two ground floor retail spaces and six floors of office space that is fully leased to WeWork.
The HFF debt placement team representing the borrower was led by managing director Colby Mueck, associate director Brandon Roth and real estate analyst Rob Bova. “There was a tremendous amount of enthusiasm from insurance companies, which is a testament to Lionstone’s track record, as well as lenders’ increased appetite this year for well-located, high quality real estate,” said Roth.
About Lionstone Investments
Lionstone Investments is a data-analytics driven real estate investment firm that specializes in conceptualizing, analyzing, and executing national investment strategies on behalf of institutional investors and high net worth individuals. Lionstone’s objective is to identify and execute smart investments by understanding the evolution of internationally competitive cities, then pinpointing where the most productive people in America want to live and work—Places for Productive People.® Since its founding in 2001, Lionstone has consistently generated cycle-tested real estate investment performance that has exceed peer and industry benchmarks. Lionstone’s investment DNA was, and continues to be, data-driven, and is its greatest point of differentiation from other firms. Using proprietary research tools and algorithms, a highly-skilled staff, and deeply-experienced leadership, Lionstone sources unique investment opportunities and effectively executes them nationwide. Please visit our website at: www.lionstoneinvestments.com
Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is 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 sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.