Search
 

Owners Refi North Waterfront Office Buildings

SAN FRANCISCO-The owners of 945 Battery St. and 1301 Sansome St. refinance the debt on the properties with a new loan from CIBC that was sourced by Newmark Realty Capital.

By Brian K. Miller | Updated on October 25, 2005

SAN FRANCISCO- The owners of 945 Battery St. and 1301 Sansome St. have refinanced the fully leased properties with a $20.2-million loan from CIBC. The cross-collateralized 15-year loan was sourced by Newmark Realty Capital.

The 1301 Sansome property is a four-story, 34,000-sf building that sits across the street from Levi Plaza, and 945 Battery St. is a five-story, 64,000-sf building. Both were originally constructed as warehouse buildings in the early 1900′s. They were converted to office use and completely renovated in 1997 and 1999. The properties abut Telegraph Hill, one of the city’s premiere residential neighborhoods.

The buildings are 100% occupied. The tenants are Pearson Education, Publicis Dialogue and Telephia. Pearson’s parent company is Pearson PLC, the publicly traded international media company that also owns 50% of The Economist magazine. Publicis Dialogue is a publicly traded, France-based global advertising and public relations firm. Telephia is a market research firm specializing in the wireless telecommunications industry.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.