HFF Secures Acquisition Financing for Class A Office Building in San Francisco’s North Bay

SAN FRANCISCO, CA – April 5, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured acquisition financing for Civic Center Plaza, a two-building, Class A office campus totaling 93,535 square feet in San Rafael, California.

Working on behalf of the borrower, a joint venture between Union Property Capital and a high-net-worth investor, HFF placed the loan with USAA Real Estate Company on behalf of an affiliate.

Civic Center Plaza is located at 3900 and 3950 Civic Center Drive on a five-acre site adjacent to Highway 101 in the heart of Marin County. The property is 96 percent leased to multiple tenants including Autodesk and Marin General Hospital. Originally constructed in 1988 and recently renovated and upgraded in 2011, Civic Center Plaza is LEED Silver certified and has enjoyed stable occupancy throughout its history.

The HFF debt placement team representing the borrower was led by senior managing director Bruce Ganong.

“USAA Real Estate Company provided fixed-rate financing for a term of 10 years and prevailed over a number of competing proposals from other life insurance companies,” said Ganong. “The depth of interest in this transaction is good evidence that portfolio lenders continue to have ample liquidity and offer attractive terms for strong sponsors with well-located assets generating stable cash flow.”

About Union Property Capital
Union Property Capital is a San Francisco-based real estate development and management company. www.unionpropertycapital.com

About USAA Real Estate Company
USAA Real Estate Company, with over $15 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors, and arranges commercial mortgage loans on behalf of affiliates. The USAA portfolio consists of office, industrial, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 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 @HFF.

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