HFF Closes Sale of Jasper in San Francisco, California
29 Maggio 2019 - 10:17PM
Business Wire
HFF announces it has closed the sale of Jasper, a 319-unit,
luxury high-rise apartment building in San Francisco,
California.
HFF represented the seller, Crescent Heights, in the sale of the
property to the buyer, Northwestern Mutual. The property was
purchased free and clear of existing financing.
Jasper is located at 45 Lansing Street adjacent to Interstate 80
and the entrance to the San Francisco-Oakland Bay Bridge. The
property is also within walking distance to the Embarcadero BART
Station and the Financial District less than a mile to the north.
Completed in 2016, the 40-story property comprises a mix of studio,
one-, two- and three-bedroom floor plans totaling 303,826 rentable
square feet. Residence amenities include stainless steel Bosch
cooking suites with built-in dishwashers, Caesarstone countertops,
full-size washers and dryers, dual-zone air conditioning and
heating, roller shades, patios and terraces and keyless home entry.
Community amenities include a resort-style pool, club lounge with
interactive video wall, on-site movie theater, dog walking service,
fiber optic Wi-Fi, 24/7 concierge service and valet parking. The
LEED Silver-certified property is 96% percent occupied.
The HFF investment advisory team representing the seller
included executive managing director Matthew Lawton, managing
director Scott Bales and director Peter Yorck.
Holliday GP Corp. (“HFF”) is a real estate broker licensed with
the California Department of Real Estate, License Number
01385740.
About Crescent Heights
Crescent Heights is the nation's leading urban real estate firm,
specializing in the development, ownership and operation of
architecturally distinctive mixed-use high-rises in major cities
across the United States. For over three decades, the firm has
successfully completed land entitlements, built new construction
projects and created value-add strategies for existing
developments. The firm's diverse portfolio is built on a wide range
of product types, including design-savvy micro units, spacious
signature residences and extensive indoor and outdoor amenity
packages reaching up to 75,000 square feet. Known for its
commitment to innovation, Crescent Heights has a long history of
catalyzing the evolution of emerging neighborhoods with creatively
conceived projects. For more information, please visit
http://www.crescentheights.com/.
About Northwestern
Mutual
Northwestern Mutual has been helping families and businesses
achieve financial security for more than 160 years. Through a
distinctive, whole-picture planning approach, Northwestern Mutual
empowers its clients to make the most of every single day and plan
for important moments in their future. Northwestern Mutual combines
the expertise of its financial professionals with a personalized
digital experience to help its clients navigate their financial
lives every day. With $272.2 billion in assets, $28.5 billion in
revenues, and $1.8 trillion worth of life insurance protection in
force, Northwestern Mutual delivers financial security to more than
4.5 million people who rely on them for life, disability income and
long-term care insurance, annuities, and brokerage and advisory
services. The company manages $128 billion of investments owned by
its clients and held or managed through its wealth management and
investment services businesses. Northwestern Mutual ranks 104 on
the 2018 FORTUNE 500 and is recognized by FORTUNE® as one of the
“World’s Most Admired” life insurance companies in 2019.
Northwestern Mutual is the marketing name for The Northwestern
Mutual Life Insurance Company (NM), Milwaukee, WI (life and
disability insurance, annuities, and life insurance with long-term
care benefits) and its subsidiaries. Northwestern Mutual and its
subsidiaries offer a comprehensive approach to financial security
solutions including: life insurance, long-term care insurance,
disability income insurance, annuities, life insurance with
long-term care benefits, investment products, and advisory products
and services. Subsidiaries include Northwestern Mutual
Investment Services, LLC (NMIS) (securities), broker-dealer,
registered investment adviser, member FINRA and SIPC; the
Northwestern Mutual Wealth Management Company® (NMWMC) (fiduciary
and fee-based financial planning services), federal savings bank;
and Northwestern Long Term Care Insurance Company (NLTC) (long-term
care insurance).
About HFF
HFF and its affiliates operate out of 26 offices and are a
leading provider of commercial real estate and capital markets
services to the global commercial real estate industry. HFF,
together with its affiliates, offers clients a fully integrated
capital markets platform, including debt placement, investment
advisory, equity placement, funds marketing, M&A and corporate
advisory, loan sales and loan servicing. HFF, HFF Real Estate
Limited, HFF Securities L.P. and HFF Securities Limited are owned
by HFF, Inc. (NYSE: HF). For more information, please visit
hfflp.com or follow HFF on Twitter @HFF.
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version on businesswire.com: https://www.businesswire.com/news/home/20190529005919/en/
MATTHEW LAWTONHFF Executive Managing Director(312)
528-3650mlawton@hfflp.com
SCOTT BALESCA Lic. #01002027HFF Managing Director(415)
276-6300sbales@hfflp.com
PETER YORCKCA Lic. #01999279HFF Director(415)
276-6300pyorck@hfflp.com
OLIVIA HENNESSEYHFF Public Relations Specialist(713)
852-3403ohennessey@hfflp.com
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