HFF Arranges $42 Million Refinancing for Office, Retail Property in Downtown Napa

by Camren Skelton

Napa, Calif. — HFF has arranged the $42 million refinancing of First Street Napa, a 142,026-square-foot retail and creative office property spanning three blocks in downtown Napa.

Peter Smyslowski and Bercut Smith of HFF arranged the floating-rate loan through ACORE Capital LP on behalf of the borrower, a joint venture between Zapolski Real Estate LLC and Trademark Property Co. First Street Napa is home to 45 retail shops, creative office space and a 183-room boutique Archer Hotel, which was not part of the financing. Retail and restaurant tenants at the development include Lush Fresh Handmade Cosmetics, Tommy Bahama, Sky & Vine Wine Bar, Charlie Palmer Steak Napa, Napa Valley Jewelers and Overland Sheepskin Co.

You may also like