Recapitalization of Swift’s equity interest in a portfolio of four Class A office properties across California


Orrick advised Swift Realty Partners (“Swift”), as the seller and a partner in a joint venture, for the recapitalization of Swift’s equity interest in a portfolio of four Class A office properties across California.

The nearly 2 million square-foot portfolio, including Concord Tech Center, Cerritos Corporate Center, @Central and Rosewood Commons, has a total value of $600 million. The acquisition of the portfolio by subsidiaries of the joint venture was financed through a $400 million mortgage provided by Wells Fargo.

Swift Realty Partners LLC is a real estate investment firm specializing in investments in industrial and office properties and value-added office facilities along the West Coast of United States including Northern California and the San Francisco Bay Area.

Orrick advised Swift Realty Partners with a team including Jack Machalow (Picture), Ronny Clausner, Cristine LeVasser, Zachary Huey and Mike McAndrews.

Involved fees earner: Jacobus D. Machalow – Orrick; Ronny Clausner – Orrick; Cristine LeVasser – Orrick; Michael McAndrews – Orrick; Michael McAndrews – Orrick; Zachary Huey – Orrick;

Law Firms: Orrick;

Clients: Swift Realty Partners LLC;