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DivcoWest Snags $69M Bridge Loan for San Jose Asset
Connect Bay Area is coming up May 17th. Here is where to get more information and register.
San Francisco-based DivcoWest secured $68.7 million in bridge loan financing for Tasman@North 1st, a 317,612-square-foot office/R&D campus in North San Jose’s Golden Triangle. JLL’s Capital Markets team of John Manning and Alex Witt arranged the loan though Deutsche Bank.
DivcoWest purchased Tasman@North 1st earlier this year from a corporate user, and is in the process of repositioning the property for new tenancy. The campus is envisioned to appeal to a broad range of tenants seeking well-located, transit-oriented space in Silicon Valley. Built in 1997, the campus consists of three low-rise buildings with large, highly efficient office floorplates and lab/R&D space with above-market power capacity.
The property is situated adjacent to a Santa Clara Valley Transportation Authority light rail station, and is close to Mineta International Airport.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing


