January 28, 2020
San Francisco-based Swift Real Estate Partners has refinanced the company’s Rancho Vista Corporate Center in San Diego for $111.5 million. The financing follows the company’s $70-million investment into the center after its acquisition of the 67.5-acre campus from HP in 2016.
Annaly Commercial Real Estate was the lender on the transaction. A San Francisco-based CBRE team of Mike Walker, Brad Zampa, Megan Woodring and Taylor Shepard identified the floating rate financing on behalf of Swift.
Rancho Vista Corporate Center is comprised of multiple office/R&D buildings and a three-story Class A office building, totaling 816,771 square feet. The campus, located at 16399 West Bernardo Dr., is centrally located within the Rancho Bernardo Industrial Park, west of Interstate 15 in the Rancho Bernardo submarket of San Diego.
“Lender demand for the Rancho Vista refinance was extremely strong,” according to CBRE’s Walker, and “a perfect fit for Annaly.”
Photo Credit: Swift Real Estate/Rancho Vista Corporate Center
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