Gantry arranged the acquisition of 420/430 Cowper Street, Palo Alto, California. The property was acquired by HATCO Associates for $11,310,000.

Eric Von Berg, a Principal of Gantry, representing the buyer, arranged the acquisition of the 17,363 square foot, 2-story office building currently 100% occupied by Wells Fargo.

“This property was not on the market, but Gantry had arranged the financing for the seller, an affiliate of the Matteson Companies, and was able to convince them to entertain our offer” said Fred Thoits, who led the acquisition team for HATCO.

With offices in San Francisco, Sacramento, Seattle, Los Angeles, Irvine, Las Vegas and Phoenix, Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. In addition to arranging loans, Gantry is active in loan restructuring assignments through its Debt Advisory Group. Established in November 1991, Gantry is currently staffed by approximately 50 employees in seven regional offices throughout the western United States. The company services over $5 billion with nearly 800 loans. Gantry has been rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking / non-insurance chartered companies with this designation.

For more information on this transaction, contact Eric Von Berg at (415) 956-9922 or Michael Heagerty at (415) 956-9854.