NYSTRS Provides $232.05M Refinance Loan For 654,834 SF Office Building In San Francisco

The New York State Teachers' Retirement System has provided $232.05 million in mortgage financing for the 654,834-square-foot office building located at 300 Mission St. in San Francisco. The loan enabled the Paramount Group-led venture to refinance a previous mortgage of $273 million, providing financial flexibility with a maturity date in October 2026.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $232,050,000
• Date: 12/08/2023
• Address: 300 Mission Street
• Market: San Francisco

The lender for this transaction is NYSTRS (New York State Teachers' Retirement System), represented by Thomas K. Lee. The landlord is Paramount Group, represented by Steve Griessel.