NYSTRS Provides $232.05M Refinance Loan For 654,834 SF Office Building In San Francisco | 300 Mission Street | NYSTRS | New York State Teachers' Retirement System | Office | Loan

Summary

Loan

CALIFORNIA

Office

654,834 sqft

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.

Players

All
1

Lenders
1

NYSTRS | New York State Teachers' Retirement System

Details

Deal Summary

FINANCED

IMAGE: Thomas K. Lee & Steve Griessel DATE: 12/08/2023 ADDRESS: 300 Mission Street MARKET: San Francisco ASSET TYPE: Office ~ SF: 654,834 LENDER: NYSTRS | New York State Teachers' Retirement System - Thomas K. Lee LANDLORD: Paramount Group - Steve Griessel LOAN AMOUNT: $232,050,000 LOAN TYPE: Refinance NOTE: The New York State Teachers' Retirement System has supplied $232.05 million in mortgage financing for the 654,834-square-foot office building at 300 Mission St. in San Francisco. The loan, with a 4.5 percent fixed coupon, enabled the Paramount Group-led venture to retire a previous $273 million mortgage, securing financial flexibility with a maturity in October 2026.

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Address300 Mission Street

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