July 27, 2016 Comments Off on CBRE Arranges $140M Land Acquisition Loan for LeEco Views: 647 Bay Area, California News, Los Angeles, West

CBRE Arranges $140M Land Acquisition Loan for LeEco

Los Angeles-based CBRE Group Inc. secured a $140-million land acquisition loan for a 48.6-acre, nine-parcel site located at 3005 Democracy Way in Santa Clara, CA. LeEco, a Chinese-based internet technology firm, acquired the fully-entitled development site from Yahoo!, Inc for $250 million.

LeEco plans to develop a more than 3-million-square-foot office/R&D/commercial campus in stages and establish it as its worldwide HQ for more than 12,000 employees. LeEco established a presence in Silicon Valley, recently leasing 80,000 square feet in North San Jose as its temporary U.S. headquarters.

CBRE Capital Markets’ San Francisco-based debt and structured finance team, working on behalf of LeEco, included Brad Zampa, Michael Walker and Megan Woodring. Financing was provided by Mesa West Capital and Hudson Pacific Properties.

Connect with CBRE’s Zampa

Connect with LeEco

For comments, questions or concerns, please contact Dennis Kaiser

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