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Buchanan Street Finances $14M Loan for Government Building

SAN FRANCISCO-The new loan will be used to fund leasing costs as the City and County of San Francisco occupy nine of the eleven floors in the building, or 82% of the total leasable area, over the next several months.

By David Phillips | Updated on April 03, 2013

SAN FRANCISCO and NEWPORT BEACH, CA—Buchanan Street Partners has funded a $14 million mezzanine loan for an 1-story, 140,657-square-foot office building at 1155 Market Street in downtown San Francisco.

An entity controlled by Laurus Corporation, a Los Angeles-based investor, has owned the building since 2011. The City of San Francisco Public Utilities Commission (PUC) previously leased the entire building, and Laurus has overseen the re-tenanting of the building to several City of and County of San Francisco agencies.

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