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SAN FRANCISCO — HFF has arranged $144.3 million in financing for Centennial Towers, a 340,000-square-foot office building in South San Francisco. The 12-story tower is located at 1 Tower Place.
The loan will be used to finance the Class A property’s acquisition and repositioning. Phase 3 Real Estate Partners will develop the project, converting the space into a science facility rebranded as Genesis.
Centennial Towers is located within a one-mile radius of major biotech and life sciences companies like Genentech and Amgen. It offers easy access to Highway 101, which links downtown San Francisco to Silicon Valley.
HFF’s Tim Wright, Todd Sugimoto and Zack Holderman originated the loan.