April 11, 2016 Comments Off on Capital One Secures $60.6M Refi for SF Office Tower Views: 479 Bay Area, California News, West

Capital One Secures $60.6M Refi for SF Office Tower

Capital One Bank’s Commercial Real Estate Group provided a $60.6-million, seven-year, interest-only loan to refinance Rialto on New Montgomery, a 137,000-square-foot office tower in San Francisco’s South Financial District. Atlanta-based Jamestown Properties, through its Premier Property Fund, and Jamestown 29 L.P & Co., purchased the property in December in an all-cash transaction.

Built in 1901, Rialto on New Montgomery includes ground floor retail space at the corner of Mission and New Montgomery St. The 97-percent leased, nine-story property recently completed a comprehensive $18-million renovation and repositioning program that’s made it more attractive to creative occupiers.

Notable features include a newly restored façade, fully renovated lobby, exposed brick walls, 13-foot concrete ceilings, a roof deck, and a community lounge.

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Connect with Rialto on New Montgomery

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