Market Center is located near the Salesforce Transit Center and Montgomery BART station.
SAN FRANCISCO—ING Capital LLC has closed a $402 million financing for Paramount Group Inc. to fund its acquisition of Market Center, a two-building 753,000-square-foot class-A office complex located at 555 and 575 Market in the Financial District. ING acted as the administrative agent and sole lead arranger and plans to syndicate the loan in early 2020.
The initial term of the financing will be five years with two one-year extension options. The loan was swapped to a fixed rate for the initial term.
Market Center is located along the Market Street Corridor near the Salesforce Transit Center and Montgomery BART station. The property's tenant roster comprises a diverse mix of tenants from the technology, business services, real estate and finance sectors.
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