Located within three blocks of the Giants baseball stadium, theproperty consists of the fully renovated 1907 brick and timberGallo Building and an adjacent, three-story building with parkingfor 175 cars on the first and basement levels and office spaceabove. The Gallo Building was fully renovated in 2001, the sametime the adjacent building was increased from one to threestories.

The additions attracted Double-Click Inc. as the primary tenant.In 2003, Double-Click paid $24.5 million to terminate its 10-yearlease in the building. Zapulski & Rudd acquired the buildingvacant in 2004 for $14 million and sold it to Peebles two yearslater.

Broe's acquisition and lease-up is being financed with a$32.1-million, three-year loan from Capmark Finance. Loan officerKevin McCormack tells GlobeSt.com that Capmark has thus farprovided a little over $24 million for the acquisition and a fewmillion more to complete capital improvements in the building suchas HVAC upgrades that were never completed beyond Double-Click'sspace.