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| 1625 Plymouth, North Bayshore Submarket, Mountain View, CA |
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| Bruce Ganong |
SAN FRANCISCO, CA, June 12, 2018 – HFF
announces the $150 million financing of 1625 Plymouth, a 245,738-square-foot,
build-to-suit office development located in the North Bayshore submarket of
Mountain View, California.
The HFF team worked on behalf of the borrower,
Broadreach Capital Partners, to secure the fixed-rate permanent loan through
New York State Teachers Retirement System.
The loan closing coincided with completing the
construction of the warm shell and delivering the building to the tenant for
their tenant improvement buildout. The highly-amenitized building will feature
a healthy and eclectic work environment with multiple outdoor deck spaces for
functions and activities.
1625 Plymouth is a premier LEED Platinum Class
A office building located directly off Highway 101 in the heart of Silicon
Valley and near some of the most affluent communities in the Bay Area, including
Atherton, Palo Alto, Los Altos, Los Altos Hills, Portola Valley and
Woodside.
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| Bercut Smith |
The HFF debt placement team representing the
borrower consisted of senior managing director Bruce Ganong and analyst Bercut
Smith.
“Working with the team at Broadreach Capital
Partners and assisting them in securing a new relationship with NYSTRS was a
tremendous opportunity and we are excited to watch the continued progress on
site as the tenant completes their work and occupies this best-in-class office
building,” said Ganong.
Holliday GP Corp. ("HFF") is a real
estate broker licensed with the California Bureau of Real Estate, License
Number 01385740.
For more information, please contact:
KRISTEN MURPHY
HFF
Director, Public Relations
(617)
338-0990
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