CBRE Arranges Debt on Advanced Manufacturing Campus in San Jose’s Golden Triangle

CBRE announced it arranged $67.4 million in financing for Forge North First, a mixed-phase industrial/R&D campus and advanced manufacturing development in San Jose’s Golden Triangle submarket. Mike Walker, Brad Zampa and Andy Gross of CBRE’s Debt & Structured Finance team in San Francisco arranged the five-year bridge loan with floating-rate, non-recourse financing from an institutional lender on behalf of Four Corners Properties and a West Coast-based institutional investor.

“The combination of surging occupier demand and extremely limited supply positions Four Corners to create significant value at Forge North First,” said Zampa.

Four Corners, an established local investor and developer founded in 2005, has invested in 50 buildings totaling 7.2 million square feet. In January 2026, Four Corners and its institutional partner acquired the existing 205,800-square-foot, five-building campus from BXP.

The mixed-phase program includes comprehensive modernization of the existing campus and development of two advanced manufacturing buildings totaling approximately 239,000 square feet.

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CBRE's Zampa

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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