{"id":1004449816,"date":"2020-05-20T09:27:14","date_gmt":"2020-05-20T17:27:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004449816"},"modified":"2020-06-09T04:39:06","modified_gmt":"2020-06-09T12:39:06","slug":"divcowest-lands-36m-refi-for-san-francisco-office-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/divcowest-lands-36m-refi-for-san-francisco-office-property\/","title":{"rendered":"DivcoWest Lands $36M Refi for San Francisco Office Property"},"content":{"rendered":"<div id=\"attachment_1004449822\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/180-Townsend.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004449822\" data-attachment-id=\"1004449822\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/divcowest-lands-36m-refi-for-san-francisco-office-property\/180-townsend\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/180-Townsend.jpg\" data-orig-size=\"1000,800\" 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=\"180 Townsend\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;180 Townsend&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/180-Townsend.jpg?w=1000\" class=\"wp-image-1004449822 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/180-Townsend.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/180-Townsend.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/180-Townsend.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/180-Townsend.jpg?resize=768,614 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004449822\" class=\"wp-caption-text\">180 Townsend<\/p><\/div>\n<p>DivcoWest has received a $36 million loan for 180 Townsend, a 40,917-square-foot office building in San Francisco. JP Morgan Asset Management provided the refinancing package for the property, which is fully leased to Andreessen Horowitz.&nbsp;<\/p>\n<p>Located at 180 Townsend St., the three-story building was originally completed in 1906 and 1921.<\/p>\n<p>In 2000, the then-owner converted the industrial building into an office asset, according to Yardi Matrix data. DivcoWest is undertaking capital improvements on the building on its brick fa\u00e7ades, windows and ceiling clear heights. Situated close to interstates 80 and 280, the transit-oriented building is 2 miles east of downtown San Francisco and 12 miles from the city\u2019s international airport.<\/p>\n<p>Newmark Knight Frank Vice Chairman Ramsey Daya and Senior Managing Director Chris Moritz facilitated the funds for the borrower.<\/p>\n<p>In February, DivcoWest <a href=\"https:\/\/www.commercialsearch.com\/news\/divcowest-buys-610m-menlo-park-office-portfolio\/\">finalized the $610 million acquisition<\/a> of an 11-building office portfolio totaling 297,826 square feet in Menlo Park, Calif. Bank of America provided the firm with $320.2 million in financing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 40,917-square-foot building is fully leased to venture capital firm Andreessen Horowitz.<\/p>\n","protected":false},"author":867,"featured_media":1004449822,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742,21747,1609,15],"tags":[36351,32841,33651,36007],"class_list":["post-1004449816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-latest","category-office","category-san-francisco","category-west","tag-capital-improvement","tag-divcowest","tag-jp-morgan-asset-management","tag-newmark-knight-frank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DivcoWest Lands $36M Refi for San Francisco Office Property - 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\/divcowest-lands-36m-refi-for-san-francisco-office-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DivcoWest Lands $36M Refi for San Francisco Office Property\" \/>\n<meta property=\"og:description\" content=\"The 40,917-square-foot building is fully leased to venture capital firm Andreessen Horowitz.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/divcowest-lands-36m-refi-for-san-francisco-office-property\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-20T17:27:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-09T12:39:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/180-Townsend.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/divcowest-lands-36m-refi-for-san-francisco-office-property\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/divcowest-lands-36m-refi-for-san-francisco-office-property\/\",\"name\":\"DivcoWest Lands $36M Refi for San Francisco Office Property - 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