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California  + Bay Area  + Office  | 

Carlyle Snags $64M Financing for Silicon Valley Office Asset

A venture between Washington, D.C.-based The Carlyle Group and Los Gatos, CA-based South Bay Development Company secured $63.533 million in bridge financing for [email protected], a recently-completed, Class A office building in Campbell, CA. HFF arranged the five-year, floating-rate loan from funds managed by Oaktree Capital Management, L.P.

Completed in 2018, the property at 675 Creekside Way comprises 177,815 square feet of office space designed to accommodate full or multi-floor users. The five-story building offers 36,000-square-foot average floorplates, underground parking, spacious break rooms and collaboration areas, and building signage along Highway 17.

[email protected] is positioned within the West Valley submarket of Silicon Valley, with visibility off Highway 17, which connects to Highway 85 and Interstate 280.

HFF’s debt placement team representing the borrower included Chris Gandy.

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Connect With The Carlyle GroupConnect With South Bay Development CompanyConnect With HFF’s Gandy

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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