HFF Arranges $93M in Acquisition Financing for 253,393 SF Office Building in Oakland
OAKLAND, CALIF. — HFF has secured $93 million in acquisition financing for 1333 Broadway, a Class A office building in Oakland. Jordan Angel and Mark Root of HFF arranged the floating-rate acquisition loan through an affiliate of Brookfield Asset Management for the borrower, Swift Real Estate Partners.
At the time of sale, the 253,393-square-foot office building was 95 percent leased. Major tenants includes Delta Dental and Teecom.
Jacobus Machalow of Orrick provided legal representation for Swift Real Estate Partners. Additional terms of the acquisition were not released.