December 6, 2017 Comments Off on $200M Loan via Blackstone for Brocade’s 600K-SF San Jose Campus Views: 1573 Bay Area, California News

$200M Loan via Blackstone for Brocade’s 600K-SF San Jose Campus

Lane Partners and an unnamed capital partner secured a $200-million loan from Blackstone Mortgage Trust for the acquisition of HQ@first, three-building, 603,666-square-foot creative office tower in San Jose. Brocade Communications sold the state-of-the art property located at 110, 120, and 130 Holger Way for $225.5 million.

Built in 2010, the Class A property is situated on just under 10 acres at Highway 237 and North First Street. The LEED Gold certified project features a campus environment with landscaped paths, natural light, views of the bay and hills, outdoor BBQ and patio areas, basketball court, fitness center and locker rooms, a game room, an expansive executive business center and a 300-plus seat cafeteria.

NKF’s Ramsey Daya and Chris Moritz executed the financing on behalf of the buyer.

NKF Capital Markets’ Steven Golubchik, Edmund Najera and David Hosler arranged the sale.

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