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Access here alternative investment news about Allianz And Barings Finance 650 Townsend Office Building Acquisition | News | Ipe Ra
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Allianz And Barings Finance 650 Townsend Office Building Acquisition | News | Ipe Ra

by realassets.ipe.com posted 2weeks ago 7 views
Zynga reportedly sold 650 Townsend to Beacon Capital Partners for $600m. : Allianz Real Estate and Barings have provided $319m in debt financing to support the acquisition of 650 Townsend office building in San Francisco. The six-storey property was reportedly sold by online game developer Zynga to real estate investment firm Beacon Capital Partners for $600m. The property, which is being acquired through a sale-leaseback arrangement, features 685,000sqft of flexible office space, multiple atriums and tenant amenities. Allianz and Barings said they have co-committed a total of $319.1m in debt financing under a co-lending agreement to fund the acquisition.

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