[[{“value”:”
**JLL Tapped to Market $350M Loan on San Francisco’s Historic 225 Bush Office Tower**
JLL Capital Markets has been retained to market the loan secured by the fee simple interest in 225 Bush Street, a 22-story office tower in San Francisco totaling 585,448 square feet. Formerly known as the Standard Oil Building, the historic property is being offered by a consortium of CMBS securitization trusts, which collectively hold a $350 million whole loan collateralized by the borrower’s fee interest in the asset.
The marketing effort is being led by Rob Hielscher, Senior Managing Director, along with Managing Directors Adam Lasoff and Chad Coluccio, and Director Caroline Reynolds.
Originally developed by John D. Rockefeller as the headquarters for Standard Oil, the tower later served as the corporate home of Chevron. The building saw major renovations in both 2010 and 2020, enhancing its modern functionality while maintaining its historic character. Today, the approximately 50% leased asset is home to tenants such as Crusoe Energy Systems, a digital infrastructure company, and Handshake, an AI-driven career network and recruiting platform.
“225 Bush represents one of the most compelling opportunities in the nation,” said Hielscher. “The offering provides investors with the ability to acquire a large, whole-loan position secured by a historically significant San Francisco office asset. The loan structure and underlying collateral present an attractive entry point for a new investor to take advantage of the rebound occurring in San Francisco.”
“}]]
