Affiliates of Kylli Inc. recently obtained $750 million for the refinancing of Burlingame Point. The 9.3-year fixed-rate financing was provided by affiliates of Goldman Sachs, J.P. Morgan, Deutsche Bank and Athene Annuity & Life Company (via Apollo Global Management).
Burlingame Point is a new office campus located on the Peninsula. The LEED Gold-certified property features four class-A office/R&D/life science buildings totaling approximately 771,000 rentable square feet, a 33,000-square-foot amenity building and more than 2,300 on-site covered and surface parking spaces.
Cushman & Wakefield served as the exclusive adviser to Kylli in the procurement of the refinancing. The Cushman & Wakefield team of Steve Kohn, Chris Moyer, Terry Daly, Rob Rubano, Keith Padien, Alex Lapidus and Meredith Donovan represented the borrower. Cushman & Wakefield also advised Kylli on the construction financing of the asset in April of 2019. Mike Moran and Clarke Funkhouser of Cushman & Wakefield provided leasing market support.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
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