The Swig Company Secures Financing & Begins Construction on New Amenities and Spec Suites at 350 California

The Swig Company Secures Financing & Begins Construction on New Amenities and Spec Suites at 350 California

November 10, 2026

Milestone Comes as Ownership Completes Over 33,000 Square Feet of Leases

SAN FRANCISCO, Calif. (November 9, 2026) -The Swig Company has secured mortgage financing for 350 California, a 300,000 square foot Class A office tower acquired in 2023 in an all-cash transaction. The lender was Prime Finance, a San Francisco-based private commercial real estate finance company.

The Swig Company plans to use loan proceeds to fund multiple floors of spec suites and significant investments into new and improved tenant amenities -- including a new fitness center, conference center, tenant lounge, and bike storage facility. These new amenities complement and expand upon recently completed upgrades to 350 Cal's lobby and mezzanine, as well as more than 52,000 square feet of high-end creative spec suites have been created in the past year.

"The solid leasing momentum at 350 California provides the perfect opportunity to expand our highly successful spec suite program while also delivering enhanced amenities. We're delighted to secure this new financing with Prime Finance to support our future vision for the property," said Will Sandman, Executive Vice President, Director of Asset Management, The Swig Company.

"350 California is a high-quality, well-located property backed by experienced ownership with a strong track record in the San Francisco market," said Shawn Cully, Managing Director, Prime Finance. "We were pleased to work with The Swig Company to provide financing for the asset and support their long-term vision."

The Swig Company has recently signed over 33,000 s.f. of leases at 350 California, including:

• Foreword Capital, LP, an opportunistic investment firm, signed a new lease for 3,000 s.f.; represented by Will Cassriel and Hillary Hogan of JLL.
• Higher Life Ventures Management, LLC, a deep tech venture capital fund backed by HL Mando, signed a new lease for 2,500 square feet; represented by Ryan Ringelstein and Connor McClean of JLL.
• Merlone Geier Management, LLC, a vertically integrated real estate investment firm focused on acquiring, developing, redeveloping and managing retail properties and shopping centers across the West Coast, signed a new lease for 9,500 s.f.
• Three tenants totaling 18,500 s.f. that wish to remain anonymous; represented by Michaela Lalanne and John Landers of Colliers International and Jennifer Essner and Sherry Gubera of Newmark.

The Swig Company was represented by 350 California's exclusive listing agents Trent Holsman, Sam Stein and Alex Robertson of CBRE in all of the above transactions.

For more information on 350 California's spec suite program or for a tour of the building's available space, which includes shell condition as well as fully furnished, move-in ready suites ranging from 2,800 s.f. to 17,100 s.f., contact Sam Stein, Trent Holsman, or Alex Robertson of CBRE.

About The Swig Company:

The Swig Company, LLC is a privately owned, San Francisco-based real estate operator with a 90-year history of investment, development, partnership and management of commercial real estate properties in major U.S. markets. Founded by Benjamin H. Swig in 1936, The Swig Company is guided by a long-term investment perspective that has proven adept at stewarding investors safely through multiple market cycles. The company's vertically integrated operational platform, which includes investment, asset and property management, and leasing expertise, uses flexibility, generational thinking and sensitivity to sustainable practices to stay at the forefront of emerging trends in the commercial real estate industry. For more information, visit: www.swigco.com.

About Prime:

Prime Finance is a private commercial real estate credit platform offering a diverse range of financing options and investing across the capital stack. Founded in 2008, and with over $15 billion in assets under management, Prime Finance invests across multiple real estate credit strategies including originating floating-rate, non-recourse bridge loans, investing in special situations real estate-related capital structures, and acquiring CMBS B-pieces. The firm has offices in San Francisco, Chicago, and New York and offers its private investment funds to qualified investors. For additional information, visit: primefinance.com.