Several commercial banks including Chase Manhattan and WellsFargo are said to be in the running for the assignment. FleetBostonFinancial led the syndicated financing for Shorenstein's Julyacquisition of Prudential Plaza in Chicago.

The San Francisco development firm is reportedly seeking afive-year, floating-rate mortgage with an "earn-out" provision thatwould permit it to increase the size of the loan as income from theproperty increases. Most of the complex's office space is leased atabout $30 persf, but new leases are being signed for $70 per sf to90 per sf.

Hills Plaza is located at 345 Spear St., near the EmbarcaderoCenter, with a view of the Bay Bridge, Treasure Island andAlcatraz. The complex includes two office buildings totaling590,000 sf, 60,000 sf of retail space and garages, and aseparately-owned residential development.