Madison Capital, Taconic Capital provide $40m financing for acquisition of 180 Howard Street in San Francisco

Madison Capital, a New York-based leading real estate investment firm and Taconic Capital Advisors, a global institutional investment firm, have provided $40 million in financing for the acquisition of 180 Howard Street in San Francisco’s South Financial District.

180 Howard Street is a 13-story, 211,000-square-foot office building centrally located along the Spear Street Corridor and steps from the Transbay Termination, Ferry Building and Embarcadero waterfront. The State Bar of California, which formerly owned the property, has committed significant capital to enhance the building during the past four years and has signed a long-term lease for a portion of the building commensurate with the transaction.

“As property values begin to adjust in the Bay Area, we believe it’s an opportune time to invest across the capital stack,” said Jonathan Nachmani, managing director at Madison Capital. “Our team remains focused on identifying transit-oriented assets with st