Fuse Makes Bold Move

Fuse Project just bought a new office location in Potrero Hill with a 20-year, fixed-rate, SBA 504 loan. Owning the 21k SF office at 1401 16th will enable the branding agency, whose past clients include Nike, Sony, Swarovski, Target, and Coca-Cola, to stay put in the city. TMC Financing and Bank of America in S.F. worked together on the financing package.

The rental market is outrageous (S.F. rates have spiked 75% in three years). In order to stay in the city, Fuse picked an up-and-coming option: the ownership route. Buying means businesses can stabilize facility costs for the long term, and spend more time investing in job creation and growing their company, says TMC's SVP of biz development David Griffis. (This spring TMC helped finance $4.2M relocation for TEF Architecture's new office in Pacific Heights.)

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

Rig Collapse At Citadel HQ Site Sends 4 To Hospital

Northern Virginia Office Tower Sells For Double Its 2024 Price

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Fertility Provider Opens Clinic At 1900 Lawrence Office Tower: The Denver Deal Sheet

Office Revenues Are Failing To Keep Pace With Expenses

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Stephen Ross Expands Palm Beach Empire With Massive Boca Raton Campus

25 Years After 9/11, Lower Manhattan Is Finally Firing On All Cylinders

Tishman Speyer Seeks $92M Tax Break For Next Hudson Yards Office Tower

Stephen Curry Sells Planned HQ Site Near Warriors' Arena

Renovate Or Raze: K-12 Developers, School Districts Face Difficult Development Choices

Charles Cohen Plans $350M Office Project After Resolving Debt Ordeal