Tuesday, March 12, 2019

HFF arranges $91.7 million financing for Lawrence Station in Santa Clara, CA

Lawrence Station Office Building, Santa Clara, CA

SAN FRANCISCO, CA –– HFF announces that it has arranged $91.7 million in financing for the development of Lawrence Station, a five-story, Class A spec office building in Santa Clara, California.

Charles Halladay
HFF worked on behalf of the developer, Bayview Development Group, to secure the three-year construction loan through Broad Street Real Estate Credit Partners III (BSRECP III), a fund managed by the Goldman Sachs Merchant Banking Division.

Lawrence Station will consist of 173,474 rentable square feet of Class A office space along with a neighboring parking garage. 

 The project is located at 3607 Kifer Road on the corner of Lawrence Expressway, which offers unparalleled visibility between U.S. Highway 101 and State Route 82.  

The project’s Silicon Valley location positions it near numerous high-profile corporations, including Apple, Google, Microsoft and Intuitive Surgical.  Future tenants will benefit from the project’s proximity to the Lawrence Caltrain Station and expanding retail offerings in the surrounding area.  Lawrence Station is due for completion in 2020.

Brandon Roth
The HFF debt placement team representing the borrower consisted of senior managing director Charles Halladay, senior directors Brandon Roth and Ben Bullock and analyst Taylor Gimian.

“Lawrence Station is an exceptional office development site,” Roth said.  “Future tenants are going to benefit from the unique combination of being just a five-minute walk from Caltrain while remaining within the city limits of Santa Clara, which will allow them to access Silicon Valley Power so they will be able to save 35 percent on their energy costs.”

Holliday GP Corp. (“HFF”) is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

Ben Bullock
About Bayview Development Group

Bayview Development Group, headquartered in San Jose, California, is a privately held real estate development and investment firm focused on developing high-density, mixed-use projects in Northern California.

About The Merchant Banking Division of Goldman Sachs Group, Inc.

Founded in 1869, the Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm.  

Goldman Sachs Merchant Banking Division (MBD) is the primary center for Goldman Sachs’ long-term principal investing activity.  

With nine offices across seven countries, the Merchant Banking Division of Goldman Sachs is one of the leading private equity investors in the world with equity and credit investments across corporate, real estate and infrastructure strategies. 
Taylor Gimian

Established in 1991, the Real Estate Principal Investment Area within MBD has invested in real estate and real estate related assets totaling approximately $53 billion in equity across more than 800 investments located in 35 countries. 

 Investments include office, retail, industrial, hospitality, residential, acquiring real estate companies, real estate projects, loan portfolios, debt recapitalizations and direct property.


CA Lic. #01756300
HFF Senior Managing Director
(415) 276-6300

CA Lic. #01767532
HFF Senior Director
(415) 276-6300

HFF Public Relations Specialist
(713) 852-3403

Bull Realty is leading the commercial market with the most recent sale of two medical office buildings

ROCK HILL, SC — Bull Realty managed the recent sale of two medical office buildings occupied by Atrium Health / Carolinas Healthcare System adjacent to the Piedmont Medical Center Campus.  The properties have been sold at a total price of $11,875,000.

Both buildings were acquired by Montecito Medical. Two different sellers engaged Bull Realty partner Paul Zeman to find the right buyer for the properties.

The property at 134 Professional Park Drive is a 15,577 SF Orthopedic Clinic and Outpatient Diagnostic Imaging Company sold for $5,125,000 on February 7, 2019.

The second property located at 118 Professional Park Drive is a 15,452 SF state-of-the-art surgery center.  This building is also operated by Atrium Health / Carolinas Healthcare, and sold for $6,750,000 on March 7, 2019.

Paul Zeman
“These properties occupied by Atrium are immediately adjacent to the Piedmont campus in Rock Hill. The location, tenant and services offered should prove to be an outstanding investment for the buyer,” said Zeman, President of Healthcare Real Estate Services / Partner with Bull Realty, Inc.

The City of Rock Hill is located in north-central South Carolina approximately 20 miles south of Charlotte, NC, and is a growing community of 67,000 residents. Rock Hill is the largest city in York County, South Carolina, and is the only major South Carolina City in the Charlotte Area.

For more information, please contact Bull Realty at 404-876-1640 or Info@BullRealty.com- Bull Realty, Inc.

 (www.BullRealty.com) is a commercial real estate brokerage and advisory firm licensed in nine states headquartered in Atlanta providing acquisition, disposition, leasing and consulting services. 

The firm also produces America’s Commercial Real Estate Show (www.CREshow.com).


Heather Bogantz,
Bowers PR & Marketing
Telephone: (614) 562-0054