California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Bay Area  + Office  | 
CBRE Arranges Financing for Vacant Sunnyvale Office Building

CBRE Arranges Financing for Vacant Sunnyvale Office Building

CBRE has arranged $15 million in financing for a Sunnyvale office building on behalf of a joint venture between Four Corners Properties and Westbrook Partners. The loan will be used to renovate the vacant property into a creative office building with an open floor plan and new exterior.

Located in downtown Sunnyvale, the two-story standalone property has 27,000 square feet of office space with ample high-speed fiber connectivity. The building at 288 South Sunnyvale Ave. is just a few blocks away from the Sunnyvale Caltrain station and several retail outlets.

Mike Walker and Brad Zampa with CBRE Capital Markets arranged the three-year, floating rate loan. “As tech companies have expanded their real estate footprints in Silicon Valley over the last several years, Sunnyvale has become the submarket of choice,” said Walker. “This is a unique opportunity for a small- to mid-size tenant to have their own headquarters in a dynamic downtown location.”

Connect

Inside The Story

CBRE Debt and Structured FinanceFour Corners PropertiesMike Walker

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Financing
New call-to-action
LeeAssociates-21-cube
Chase-08-cube
Chase-08-cube