{"id":1004114336,"date":"2015-02-26T07:54:55","date_gmt":"2015-02-26T15:54:55","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=329150"},"modified":"2022-12-09T02:23:33","modified_gmt":"2022-12-09T10:23:33","slug":"sempras-hq-scores-30m-in-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sempras-hq-scores-30m-in-financing\/","title":{"rendered":"Sempra\u2019s HQ Scores $30M in Financing"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

Shapery Enterprises has secured $30 million in financing for Sempra Energy\u2019s headquarters in downtown San Diego. Shapery\u2019s affiliate, The Gas & Electric Headquarters Building\u2013San Diego L.P., received the loan for 101 Ash St., a 347,087-square-foot office tower. A team from HFF arranged the financing, led by Tim Wright, a senior managing director, and Zack Holderman, a director at the firm.<\/p>\n

Located in the Broadway Corridor, \"\"<\/a>101 Ash is near the Civic Center, Little Italy and the Gaslamp District. Interstate 5 is also close by, and the 21-story building offers views of the San Diego Bay, downtown, Coronado Island, Balboa Park and the Pacific Ocean.<\/p>\n

The combination of a well-maintained property and a willing sponsorship team enabled HFF to \u201csuccessfully structure a loan that both addressed the looming lease expiration and the long-term strategic repositioning plan for the asset,\u201d Holderman said in a statement.<\/p>\n

Sempra, the parent of San Diego Gas & Electric Co. and Southern California Gas Co., is 101 Ash\u2019s sole tenant. Shapery plans to reposition the property after Sempra\u2019s lease expires in mid-2015.<\/p>\n

Image courtesy of Wikipedia via user\u00a0Nehrams2020<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Shapery Enterprises recently secured a loan for its 101 Ash Street property, with the help of financing provider HFF. Shapery controls the borrowing entity, The Gas & Electric Headquarters Building – San Diego, LP, and received $30 million in financing for the property. The team that handled the financing process was led by HFF senior managing director Tim Wright and director Zack Holderman.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1608],"tags":[],"class_list":["post-1004114336","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-diego"],"acf":[],"yoast_head":"\nSempra\u2019s HQ Scores $30M in Financing - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/sempras-hq-scores-30m-in-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sempra\u2019s HQ Scores $30M in Financing\" \/>\n<meta property=\"og:description\" content=\"Shapery Enterprises recently secured a loan for its 101 Ash Street property, with the help of financing provider HFF. 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