Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





NORTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
HighBridge Properties Lands $25 Mil in Financing for Oakland Office Buy

12/08/16

HighBridge Properties has secured $25 mil in financing on 1500 Broadway, a 90k sf office property in Oakland. The four-story building is located at the corner of Broadway and 15th St.

The building was acquired by HighBridge after the previous owners had modernized it and repositioned it to take advantage of strong demand from tenants priced out of San Francisco. They then successfully re-leased the office space to VSCO, Fair Trade USA and Western Dental.

The new financing was arranged by Michael Mestel of Square Mile Capital Management LLC. The loan includes an allocation for future retail tenant improvement costs.

“With Oakland becoming the more affordable alternative to San Francisco, demand for creative office space has skyrocketed, with rents doubling in the past five years,” noted Mestel. “Downtown commercial occupancy continues to strengthen, and residential construction has accelerated to meet demonstrated need. 1500 Broadway is ideally situated in a prime location only two blocks from the BART and less than one mile from major interstate highways.”





Return to the Archive page


 
 
 
 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media