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California  + Bay Area  + Finance  | 

$385M Refi for Genesis Towers in South San Francisco

Genesis North and South Towers, two office and life science buildings totaling 717,883 square feet in South San Francisco, have been refinanced for $384.86 million. The towers are located at One and Two Tower Place, immediately adjacent to and visible from Highway 101 in South San Francisco’s life science hub.

HFF worked on behalf of the borrower, San Diego-based Phase 3 Real Estate Partners, Inc., to secure a $199.86-million, three-year loan through a life company lender for the recently-completed Genesis North Tower, a 21-story, 390,000-square-foot life science building.

The team also secured a $185-million, five-year, floating-rate loan through a national commercial bank for the fully-stabilized 12-story Genesis South Tower, the campus’ first phase completed in 2016.

HFF’s debt placement team representing the borrower included Tim Wright, Todd Sugimoto, Zack Holderman and Olga Walsh.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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