SAN MATEO, CA—HFF says it has arrangedpost-acquisition financing for San MateoBayCenter, a three-building class A office campus totaling303,257 square feet.

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HFF worked on behalf of the borrower RockpointGroup to secure the floating-rate, post-acquisitionfinancing through Wells Fargo. HFF alsohandled the sale of the property, which closed in September, onbehalf of Equity Office Properties.

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Situated at the intersection of U.S. Highway101 and Highway 92 equidistant from SanFrancisco and Silicon Valley, San Mateo BayCenter enjoys excellentaccess to retail amenities and public transportation. Built in 1987, San Mateo BayCenter is comprised ofthree institutionally maintained five- and seven-story officebuildings located at 901 and 951 Mariners IslandBoulevard and 999 Baker Way. Thecampus is more than 98% leased to a diversified roster of tenantsincluding Marketo, Brightedge Technologies and Actuate.

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The HFF debt placement team representing the borrower was led bysenior managing director Bruce Ganong, directorJordan Angel and associate WalterChu.

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“Strong occupancy, positive sub-market fundamentals, and best inclass sponsorship encouraged competitive proposals from a number oflenders and Wells Fargo won the business with a flexible proposalthat met the borrower's request,” Ganong said.

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The HFF investment sales team representing the seller was led bymanaging director Steven Golubchik, seniormanaging director and co-head of HFF's national office investmentsales platform Michael Leggett and directorJohn Simerlein.

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"It's one of the best products built on the 92 corridor,"Golubchik said. “Interest in this vertical, urban-style project wasincredibly high. San Mateo BayCenter has plenty of parking,and some of the floors have been converted to tech-friendly'creative spaces' with open floor plans.”

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Rockpoint Group, is a global real estate investment managementfirm headquartered in Boston, with additional primary offices inSan Francisco and Dallas. Equity Office Properties is one ofthe largest commercial real estate firms in the nation. HFFoperates out of 23 offices nationwide and is a leading provider ofcommercial real estate and capital markets services to the U.S.commercial real estate industry.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.