Press Release brought to you by HFF

Sale of YouTube Headquarters in San Bruno, California, closed by HFF

08/04/2015

SAN FRANCISCO, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of 900 and 1000 Cherry, a two-building, core-quality, Class A office campus that functions as the world headquarters for YouTube in San Bruno, California.

HFF marketed the property on behalf of the seller, a fund managed by Cornerstone Real Estate Advisers.

900 and 1000 Cherry are situated on 8.15 acres within the Bayhill Office Park, directly adjacent to Interstates 280 and 380 in the Bay Area city of San Bruno.  This location has immediate access to U.S. Highway 101 and Highway 82 and is close to the San Francisco International Airport as well as the San Bruno BART and Caltrain stations, providing access to the entire San Francisco Bay Area.  Both properties are 100 percent leased to Google through 2022 and serve as YouTube’s world headquarters.  As such, the properties feature highly improved video/audio suites, high-end office finishes featuring a variety of creative spaces and conference rooms, and a one-of-a-kind “Immersion Room”, which simulates a 360-degree video stream.  The six- and three-story buildings also offer tenants two full-service cafeterias, kitchen/pantry suites with lounge areas on each floor, a fitness center with lockers and showers, bike room with storage, and a multi-functional conference room for corporate events and executive retreats.

The HFF investment sales team representing the seller was led by senior managing director Steven Golubchik.

About Cornerstone Real Estate Advisers
Cornerstone Real Estate Advisers LLC, with subsidiary and affiliate offices in the U.S., UK, Europe, and Asia, is one of the largest global real estate investment managers.  It provides core and value-added investment and advisory services, including a comprehensive suite of private and public real estate debt, equity and securities expertise and services, to institutional and other qualified investors around the globe.  Cornerstone is a member of the MassMutual Financial Group.  For more information, visit www.cornerstoneadvisers.com.

About HFF
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.

08/04/2015 - 16:30

Source

HFF

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