August 14, 2015 Comments Off on San Jose Office Gets CBRE-Brokered Financing Views: 459 Bay Area, California News

San Jose Office Gets CBRE-Brokered Financing

Vista Investment Group has secured $19.5 million in financing for the Broadcom Building in North San Jose, in a deal arranged by CBRE. The two-story property is located at 3100 North First Street, and encompasses 99,424 square feet. Vista paid nearly $30 million for the asset, which is double the price the building sold for six years ago.

CBRE brokered the deal, which provides five-year, non-recourse, floating-rate financing. Brad Zampa, Michael Walker and Megan Woodring of the commercial real estate services company’s Capital Market’s Debt & Structured Finance team were the brokers on the deal.

3100 North First is 100-percent leased by Broadcom Corp., which is in the wireless and broadband business.

Read More at Silicon Valley Business Journal

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , ,

Comments are closed.