Newly Built Mountain View Offices Secure $147M Financing

CBRE arranged $147.5 million in financing for 750 Moffett, a newly completed 221,788-square-foot Class A office property in Mountain View. The building is fully leased to an investment-grade technology company.

A CBRE Debt & Structured Finance team led by Mike Walker, Brad Zampa and Andy Gross, arranged the financing on behalf of Genesis Commercial Capital and JR-AMC. The non-recourse financing combined senior debt and Commercial Property Assessed Clean Energy (C-PACE) financing to refinance existing debt prior to loan maturity.

“The financing demonstrates continued capital availability for high-quality office assets with strong tenancy and long-term income characteristics, even as lenders maintain disciplined underwriting standards,” said Walker, an EVP with CBRE.

Located near Moffett Park in Mountain View, 750 Moffett is a LEED Platinum-certified office building designed to meet the evolving needs of leading technology occupiers. The property is positioned within one of Silicon Valley’s leading innovation corridors, according to CBRE.

Inside The Story

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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