May 12, 2017
CBRE Capital Markets’ debt and structured finance team secured $152 million from a domestic bank to refinance Rosewood Commons, a five-building, 863,000-square-foot office campus in Pleasanton, CA. The borrower was an entity owned and controlled by San Francisco-based Swift Real Estate Partners.
CBRE’s Michael Walker, Brad Zampa, Megan Woodring, and Taylor Shepard arranged the floating-rate loan at a competitive spread priced over 30-day LIBOR.
CBRE’s Walker says lenders were “attracted by the diversified and high quality tenancy. Swift’s complete repositioning and modernization of the office and amenities resulted in incredible leasing momentum. This project was approximately 10% leased when they acquired it in 2014, and today it is approximately 95% leased.”
Located at 4400 Rosewood Dr., the Class A office campus features a state-of-the-art conference center, cafeteria and sports recreation facilities. The asset is situated in the heart of East Bay’s Tri-Valley, near freeways and public transportation.
For comments, questions or concerns, please contact Dennis Kaiser