$80 million refinancing arranged by HFF for Cityview Plaza in San Jose, CA

IRVINE, CA – HFF announced today that it has arranged an $80 million refinancing for Cityview Plaza (top left photo), a nine-building, Class A office and retail complex totaling 602,972 square feet in downtown San Jose, California.

HFF worked on behalf of the borrower, an affiliate of BPG Properties, Ltd., to secure the five-year, fixed-rate loan through J.P. Morgan Chase Bank N.A.  Loan proceeds are replacing maturing debt on the property.

Cityview Plaza is a recently-renovated, mixed-use campus consisting of nine high-rise and mid-rise office buildings and retail and restaurant space totaling 600,972 square feet, united by a newly designed plaza area with outdoor seating, artwork and water features. 

Major tenants include Bank of America, URS Corporation, Overland Storage, Heritage Bank of Commerce and Morton’s Steakhouse.  Presently, the property is 84 percent leased. The 11-acre property is within walking distance of the Convention Center, Caltrain, light rail, DASH shuttle service and a future BART station. 

The HFF team representing the owner was led by managing director Steve Gunther.

BPG Properties, Ltd. is one of the nation’s leading private equity real estate fund managers.

BPG’s portfolio consists of more than 24 million square feet of office, retail, student housing, and industrial properties and more than 18,000 apartment units in over 70 communities located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Los Angeles, Chicago, Washington, D.C., Boston, Atlanta and Raleigh-Durham.

Contacts:

Stephen C. Gunther, HFF Managing Director, (949) 253-8800 sgunther@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500

krmurphy@hfflp.com