SAN DIEGO—HFF says it has arranged joint venture equity for Hammer Venture, for purchase of 625 Broadway, a 222,301-square-foot, mixed-use property in the Broadway Corridor.
625 Broadway, or the 6th and Broadway Building, was the first high-rise built in downtown San Diego.
The project includes 186,636 square feet of office space, 35,665 square feet of fully leased, “high street” ground floor retail and a 376-space parking structure.
625 Broadway is situated at the 6th and Broadway gateway to the Gaslamp Quarter close to the 5th Avenue Trolley Station, Westfield Horton Plaza, Petco Park, San Diego Convention Center and the downtown business district.
The HFF team representing the borrower was led by associate director Bryan Clark.