HFF announces sale of mixed-use tower in San Jose, California
SAN FRANCISCO, CA – September 26, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of 360 Residences, a 24-story, luxury mixed-use residential and retail tower in downtown San Jose, California.
The HFF team marketed the property on behalf of Capri Capital Partners, LLC.
360 Residences is situated on 1.02 acres at 360 Market Street within one mile of Google’s proposed campus and the future downtown San Jose and Diridon BART stations. The transit-oriented property also provides access to Interstates 280, 680 and 880, U.S. Highway 101 and State Highway 87. Originally completed in 2010 as an ultra-luxury condominium property, 360 Residences features 213 for-rent units with high-end finishes and expansive floor plans averaging 1,320 square feet. In addition, the controlled-access property comprises 10,167 square feet of fully leased, ground-floor retail. Community amenities include a resort-style pool, state-of-the-art fitness center, contemporary community lounge with chef’s kitchen, well-equipped executive business center with conference room and concierge services.
The HFF investment sales team representing the seller included managing director Scott Bales, associate Peter Yorck and analyst Miles Kersten.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.
About Capri Capital Partners, LLC
Headquartered in Chicago, Capri Investment Group is a real estate investment management firm that offers thoughtful and creative solutions to the investment needs of our institutional clients. Founded in 1992 as a structured capital provider to a severely constrained commercial real estate market, Capri has grown into a multi-offering investment manager with a global view and local market and investment expertise. Diversified assets managed on behalf of its pension fund and other institutional investors totaled approximately $3.9 billion as of June 30, 2017. Capri is headquartered in Chicago, with additional offices in Los Angeles and New York.
This announcement does not constitute an offer to sell, or a solicitation of an offer to buy any security relating to Capri Capital Partners, LLC or any of its funds. Any offer or solicitation may be made only through the delivery of a definitive Private Offering Memorandum and all information contained herein is qualified in its entirety by such Memorandum.
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). For more information please visit hfflp.com or follow HFF on Twitter @HFF.