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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 Creekside@17, 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.

Creekside@17 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.

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

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

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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