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J. P. Morgan, Starwood Deliver $515M for Kylli’s Burlingame Point
Kylli, Inc. secured $515 million in financing for Burlingame Point, a new 803,000-square-foot office campus in Burlingame, California. The construction financing was provided by J. P. Morgan and Starwood Property Trust.
The state-of-the-art campus is currently fully-leased to Facebook, Inc. for occupancy by Oculus, Facebook’s virtual reality company. The campus is expected to be completed in 2020.
A Cushman & Wakefield team led by Steve Kohn and Mike Moran, with Chris Moyer, Terry Daly, Clarke Funkhouser, Noble Carpenter III and Jessica Ke, exclusively represented Kylli, Inc. in procuring the financing.
Kohn says, “The market for construction and transitional financing has been bursting at the seams over the past year, with well-located office development for world-class technology, biotechnology and life science companies on the radar of more lenders and investors. Special projects like Burlingame Point are attracting capital and tenants from around the world.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development


