{"id":1004170979,"date":"2017-04-03T01:16:56","date_gmt":"2017-04-03T09:16:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004170979"},"modified":"2022-12-06T21:55:46","modified_gmt":"2022-12-07T05:55:46","slug":"hff-closes-30m-sale-of-east-bay-office-complex-and-22m-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-closes-30m-sale-of-east-bay-office-complex-and-22m-financing\/","title":{"rendered":"East Bay Office Complex Sales for $30M"},"content":{"rendered":"<p>By Ariela Moraru<\/p>\n<div id=\"attachment_1004171009\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Hookston-Square-Pleasant-Hill-Calif..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004171009\" data-attachment-id=\"1004171009\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-closes-30m-sale-of-east-bay-office-complex-and-22m-financing\/hookston-square-pleasant-hill-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Hookston-Square-Pleasant-Hill-Calif..jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Hookston Square, Pleasant Hill, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Hookston Square, Pleasant Hill, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Hookston-Square-Pleasant-Hill-Calif..jpg?w=800\" class=\"wp-image-1004171009 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Hookston-Square-Pleasant-Hill-Calif..jpg\" alt=\"Hookston Square, Pleasant Hill, Calif.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Hookston-Square-Pleasant-Hill-Calif..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Hookston-Square-Pleasant-Hill-Calif..jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Hookston-Square-Pleasant-Hill-Calif..jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004171009\" class=\"wp-caption-text\">Hookston Square, Pleasant Hill, Calif.<\/p><\/div>\n<p><strong>San Francisco<\/strong>\u2014HFF has closed the $30.4 million off-market sale of Hookston Square, a two-building suburban office campus in the East Bay community of Pleasant Hill, Calif. In addition, HFF secured $21.5 million in financing for the buyer, Graham Street Realty.<\/p>\n<p>HFF\u2019s Associate Director David Dokko and Associate Garrett Calbert represented the seller, True North Management Group, and procured the buyer. HFF\u2019s Director Jordan Angel and Associate Zachary Kersten worked on behalf of GSR\u00a0to secure the three-year, floating-rate acquisition loan through a commercial bank.<\/p>\n<p>The three-story identical properties, totaling 207,555 square feet, feature a common courtyard and newly renovated lobbies. Situated on a 9.5-acre site at 3478 and 3480 Buskirk Ave., just east of I-680 and close to State Route 24, the 1985 Class B buildings are within easy reach of downtown San Francisco.\u00a0Tenants at the 87 percent leased complex include John Muir Health, Pacific Business Center, Accelrys, Maze &amp; Associates and The Source Group.\u00a0Paramount Property Co. will\u00a0manage the property.<\/p>\n<p>GSR plans to implement over $1 million in capital improvements, including modernizing elevators and upgrading roofs. Since its founding in 2008, the company has acquired over $113 million in office assets and currently owns and operates six properties totaling 730,000 square feet in California and Colorado.<\/p>\n<p><em>Image via Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF procured the buyer with $21.5 million in financing for the two buildings totaling 207,555 square feet.<\/p>\n","protected":false},"author":960,"featured_media":1004171009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,21742,21747,1609,15],"tags":[34716,32792],"class_list":["post-1004170979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-latest","category-office","category-san-francisco","category-west","tag-graham-street-realty","tag-hff"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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