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San Francisco Financial District ‘Jewel Box’ Secures $30M in Financing
The Chancery, a 62,421-square-foot, transit-oriented building on Market Street in San Francisco, received $30 million in financing. HFF’s Jordan Angel worked on behalf of the borrower, Chelsea Pacific Group, to secure a term loan through Chase Commercial Term Lending.
Originally built in 1923, The Chancery is a seven-story building featuring ground-floor retail with office space on the floors above. The property at 564 Market St. was extensively renovated in 2015, and is fully-leased to a diverse roster of tenants, including Starbucks and Per Diem Restaurant on the ground floor.
Angel says, “The property’s extraordinary access to BART and MUNI transportation options, as well as the incredible job the owner has done in renovating a historic building, makes this one of the best jewel box assets in downtown San Francisco.”
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