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7/22/26
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The Swig Company has refinanced The Mills Building, a 491k sf, 22-story office building at 220 Montgomery Street in the heart of San Francisco’s Financial District. The lender is Invesco Real Estate. From what we hear, the new financing totaled around $95 mil.
Built in 1891 and owned by The Swig Company since 1954, The Mills Building combines historical elegance with contemporary efficiency. The building offers onsite parking, a wellness room with yoga mats, a bike sanctuary with storage and maintenance facilities, shower rooms, and a flexible conference center that offers configurations with seating capacity from 7 to 55, with complimentary WiFi.
The highly successful Mills Building’s spec suite program has played a key role in supporting the property’s outstanding refinancing outcome with Invesco Real Estate. Over the past year, more than 80k sf of high-end creative spec suites have been built and leased, driving a substantial increase in building occupancy and underscoring continued demand for thoughtfully designed, move-in-ready office space.
The Mills Building is a highly sustainable modern workplace that attracts a diverse array of tenants, including global design firms Gensler and Huntsman Architecture, Save the Redwoods, Haworth, and San Francisco nonprofit Tipping Point Community. The Mills Building has been LEED Gold certified since 2012 and is also EPA Energy Star certified. In addition, some tenant spaces carry LEED Platinum and FitWel 3-star certifications.
The financing was secure through Invesco Real Estate. It was arranged by Jeff Wilcox at Gantry.
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