June 4, 2020
San Francisco-based Gantry secured $35 million in permanent financing for two Class B office buildings located in San Francisco. Located at 1301 Sansome Street and 945 Battery Street, the two assets are situated north of San Francisco’s Financial District and 0.2 miles from each other.
1301 Sansome is a six-story, including penthouse, office building comprised of 38,868 square feet. Built in 1910-1940 and later renovated in 1999, the urban office building is currently 100% leased to a single tenant, Grove Collaborative.
945 Battery is also a six-story, including penthouse, office building comprised of 67,966 square feet. Built in 1911 and later renovated in 1999, the office building is currently leased to Second Life and Lightstep.
Gantry’s George Mitsanas and Josh Natker worked with the borrower in securing the 15-year term, 30-year amortization with a correspondent life insurance company. The loan will be serviced by Gantry.
For comments, questions or concerns, please contact Dennis Kaiser