SAN FRANCISCO—Mesa West Capital has provided locally-based investment firm Stockbridge Capital Group with a $185 million loan to recapitalize 140 New Montgomery.

The 26-story historical class A building was constructed in 1925 as the headquarters for Pacific Telephone and Telegraph and was the tallest building in San Francisco at the time.  The telephone company had owned the building until its acquisition by Stockbridge in 2007. The collateral includes a 411-stall, 8-story structured parking garage adjacent to the property.

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