SAN FRANCISCO, CA, June 3, 2014 — Regency Capital Partners announced today that it has arranged a non-recourse bridge loan with Prime Finance for the acquisition and repositioning of 355 – 369 Sutter Street, a 12,300 square foot mixed-use building located in the heart of Union Square in San Francisco. The property boasts a one of a kind location within one of the world’s best retail submarkets, directly adjacent to the Wilkes Bashford building and within a block of the new 25,000 square foot Apple flagship store set to begin construction this summer. The building improvements are comprised of three ground floor retail suites, one of which is currently vacant, and a vacant second floor office suite.
Chris Moritz of Regency Capital Partners led the transaction team as financial advisor to the new owner – a partnership of seasoned real estate investors lead by Monica Finnegan and Mike Kelly, principals of Urban Real Estate Equities.
The owners plan to leverage their extensive experience in the leasing and repositioning of San Francisco properties to take advantage of the unprecedented market conditions within Union Square. In addition to the new Apple flagship store, Union Square has seen a flurry of retailers open locations including Alexander McQueen, Carolina Herrera, Yves Saint Laurent, Jimmy Choo, Vera Wang and Bulgari. According to Julie Taylor of Cornish & Carey Commercial Newmark Knight Frank, retail vacancy in Union Square
About Regency Capital Partners
Regency Capital Partners (RCP) is one of the premiere real estate capital advisory firms specializing in arranging debt and equity for a wide spectrum of clients, from regional investors and developers to some of the largest public and private real estate companies throughout the country. The firm is recognized within the industry for its integrity, creativity and determined advocacy on behalf of its clients. RCP’s unparalleled commitment to the implementation of its clients financing objectives distinguishes it within the financing industry. During their tenure, the principals of Regency Capital Partners have closed over $5 billion of debt and equity transactions throughout the United States.
Additional information on Regency Capital Partners is available on the Company’s website at www.regencycapitalpartners.com.