Month: March 2015

Grow Marketing, a San Francisco-based engagement marketing, social media and publicity shop, was co-founded in 2001 by Gabrey Means and Cassie Hughes. Grow specializes in engagement marketing, social media and publicity with a client list that includes Google, GE, Pepsi, Gap Inc., Levi’s, Got Milk, Absolute Vodka and many more. Grow began as a 2-person consultancy and has grown steadily into a well-established and thriving agency with 32 people in San Francisco and over 60 people working across the country through their extended team.

Capital Access Group assisted Grow Marketing with financing to purchase and renovate an historic, 4-story, 16,199 sq. ft. building located at 570 Pacific Avenue, in the heart of San Francisco’s Jackson Square neighborhood. Capital Access Group provided $2.996 million in financing for the over $7.3 million total project cost to purchase and renovate the historic building.

The new office location has given Grow the space they needed to consolidate all operations under one roof, which has increased their operational efficiency and given them the space they need to grow.

“The mood of an office really has an effect on employees’ energy and productivity,” said Gabrey. “The new space really revved everyone’s engine.”

“What Capital Access did for us solved one of our biggest challenges by reuniting the team under one roof,” she said. “They have been so supportive and educating in the process. They opened our eyes to see what was possible. The easiest part of the process has been the financing.”

Capital Access Group, a commercial real estate lender specializing in U.S. Small Business Administration 504 loans for growing businesses, announced today that it arranged $10.65 million in total project financing for Petaluma CA-based Moresco Distributing Company (http://www.moresco.biz) to purchase a 123,600 sq. ft. facility located at 1450 Technology Lane, Petaluma, CA. Moresco was operating out of two facilities, a building it owned and a second building it was leasing. The company will consolidate both locations in the new building, which includes 39,500 sq. ft. of Class A office space for lease plus nearly 200 parking spaces.

“The new facility puts us under one roof,” said Ron Moresco, President & Owner, Moresco Distributing Company. “The building has 39,500 square feet of office space we can rent out, which gives us a real estate investment and additional cash flow. The facility is ideal as a headquarters or satellite office for a growing business.”

Founded in 1994, Moresco is a full-service packaging and distribution company specializing in biodegradable and compostable products for regional food distributors, independent grocers, food processors, specialty retail foodservice operators and wineries in the Greater San Francisco Bay, Sacramento, and Portland, Oregon regions.

This is the second SBA 504 loan for Moresco Distributing. The company accessed 504 financing through Capital Access Group for the purchase of its first building, which it sold and reinvested the proceeds in the new building through a 1031 exchange.

“It was a pleasure to help Ron and his colleagues with their second 504 loan,” said Jacklyn Jordan, President and CEO of Capital Access Group. “They were able to consolidate their two facilities under one roof, and they now have additional office space to accommodate future growth. The 504 program made the entire transaction possible.”

“Without the 504 program, we wouldn’t have been able to parlay up to buy this building,” said Moresco. “The SBA loan was the difference, and Jacklyn Jordan and Dave Simmons from Capital Access showed us the path to justify this move. More people should take advantage of the 504 program.”

“We appreciate what Capital Access did for us. Real simple, if we grow, we plan on using them again,” said Moresco.

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