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$157M Financing Arranged for Menlo Gateway Phase II in Menlo Park
Connect Bay Area is just around the corner on May 17th in San Francisco. Here is where to get more information and register.
NorthMarq Capital arranged the $157.3-million construction-to-permanent loan for Menlo Gateway Phase II, an under-construction office property located at 125 and 135 Constitution Dr. in Menlo Park, CA. The borrower entities were Bohannon Development Company and Alexandria Real Estate Equities, and the financing was through a life insurance company relationship.
Menlo Gateway is a 16-acre master-planned development comprised of a 250-room Autograph Collection hotel and a total of roughly 773,000 square feet of office space fully leased to Facebook. The second phase of development, which is slated for Q4 2019 delivery, is planned to deliver 521,000 square feet at 125 and 135 Constitution Drive. The 252,000-square-foot first phase of development has already delivered
NorthMarq’s John Kerslake and Briana Harney arranged the fixed-rate transaction that was structured with a three-year interest only term during construction, followed by a 14-year permanent term.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development


