SAN FRANCISCO-On behalf of an institutional investor, Jones Lang LaSalle's Capital Markets has secured $52 million in senior financing for SoMa at 788. The 157,853-square-foot mixed-use property featuring 160 class A apartments in San Francisco's South of Market neighborhood.
Executive vice president Keith Largay, managing directors David Hendrickson and John Manning, and SVP Alex Witt led the JLL team on the transaction.
“There was a high level of interest in this property from lenders,” Manning said. “With its great location, the presence of Whole Foods as a ground-floor tenant and San Francisco's thriving apartment market, this property has a tremendous amount going for it and is in a position to perform very well for years and years to come.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
