HFF secures $38.5 million financing for East Bay medical office building
SAN FRANCISCO, CA – August 3, 2015 - Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $38.5 million in financing for EmeryStation Greenway, a recently-completed, approximately 100,000-square-foot medical office building located in Emeryville, California.
Working on behalf of the borrower, Wareham Development, HFF placed the fixed-rate loan with Thrivent Financial for Lutherans.
EmeryStation Greenway is a newly-constructed, four-story, state-of-the-art medical office building located at 5800 Hollis Street in the East Bay biotechnology research and innovation corridor not far from Interstates 580, 880 and 980 in Emeryville.
The HFF debt placement team representing the borrower was led by senior managing director Bruce Ganong and director Jordan Angel.
About Wareham Development
Founded in 1977, Wareham Development is a developer and owner of multi-tenant mixed-use campuses in major research and innovation clusters in the San Francisco Bay Area. Wareham Development’s real estate portfolio includes campuses and projects in the cities of Emeryville, Berkeley, Richmond, and Palo Alto and also Marin County. www.warehamdevelopment.com
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
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.
HFF Senior Managing Director
HFF Associate Director, Marketing