September 25, 2018 Comments Off on Carlyle Snags $64M Financing for Silicon Valley Office Asset Views: 3484 Bay Area, California News

Carlyle Snags $64M Financing for Silicon Valley Office Asset

A venture between Washington, D.C.-based The Carlyle Group and Los Gatos, CA-based South Bay Development Company secured $63.533 million in bridge financing for Creekside@17, a recently-completed, Class A office building in Campbell, CA. HFF arranged the five-year, floating-rate loan from funds managed by Oaktree Capital Management, L.P.

Completed in 2018, the property at 675 Creekside Way comprises 177,815 square feet of office space designed to accommodate full or multi-floor users. The five-story building offers 36,000-square-foot average floorplates, underground parking, spacious break rooms and collaboration areas, and building signage along Highway 17.

Creekside@17 is positioned within the West Valley submarket of Silicon Valley, with visibility off Highway 17, which connects to Highway 85 and Interstate 280.

HFF’s debt placement team representing the borrower included Chris Gandy.

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