Regions West
May 2, 2008
Hypo Real Estate Capital Corp. has closed a $126 million loan for the acquisition of Ygnacio Center in Walnut Creek, Calif., which lies in the East Bay region of the San Francisco Bay area. The sponsor of the deal is Legacy Partners Realty Fund III L.L.C. Ygnacio Center is situated on the intersection of Ygnacio Valley Road and Northern California Boulevard. The four-building property is adjacent to the Walnut Creek BART -- Bay Area Rapid Transit station. It consists of three mid-rise class A office buildings, and a parking structure. The property was developed in three phases over a period of 30 years and is currently 89 percent occupied. The property’s amenities include a 23,000-square-foot 24-hour fitness center, Starbucks and two cafés.
Hypo Real Estate Capital Corp. has closed a $126 million loan for the acquisition of Ygnacio Center in Walnut Creek, Calif., which lies in the East Bay region of the San Francisco Bay area. The sponsor of the deal is Legacy Partners Realty Fund III L.L.C. Ygnacio Center is situated on the intersection of Ygnacio Valley Road and Northern California Boulevard. The four-building property is adjacent to the Walnut Creek BART -- Bay Area Rapid Transit station. It consists of three mid-rise class A office buildings, and a parking structure. The property was developed in three phases over a period of 30 years and is currently 89 percent occupied. The property’s amenities include a 23,000-square-foot 24-hour fitness center, Starbucks and two cafés.
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