Hines and Sterling American Forfeit 333 Bush
July 29, 2009
Hines and Sterling American have decided to return 333 Bush Street to the lender. The 550K SF property was acquired at the peak of the market in 2007. The deal fell on its head in September 2008 when the law firm Heller Ehrman, a tenant anchoring 14 floors at the building, voted to dissolve.
The property was acquired at around $500 PSF, and was financed by Brookfield RE Finance and Munich Hypo.
[via Chronicle]
Similar Posts:
- Noted San Francisco Law Firm Heller Ehrman to Dissolve; Vacate 300K SF Locally
- Thelen Reid & Priest Dissolution Vote Expected; 175,000 Square Feet of Office Space On Deck
- Heller Ehrman Office Space in Menlo Park Hits the Market
- Thelen Reid & Priest Chooses to Dissolve; Landlords Wondering Who’s Next?
- McDermott Will & Emery to Take Over Former Heller Ehrman Space at 275 Middlefield Road
Categories:
Commercial Finance and Lending | Commercial Real Estate Investing
Tags: 333 Bush Street, Brookfield Real Estate Finance, Class A, Distressed Assets, Foreclosure, Heller Ehrman, Munich Hypo, Office Space, San Francisco
Tags: 333 Bush Street, Brookfield Real Estate Finance, Class A, Distressed Assets, Foreclosure, Heller Ehrman, Munich Hypo, Office Space, San Francisco
No comments yet.