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| Creekside@17 Office Complex, Campbell, CA |
SAN FRANCISCO, CA – – HFF
announces $63.533 million in bridge financing for Creekside@17, a
recently-completed, Class A office building in the Silicon Valley
area-community of Campbell, California.
The HFF team
worked on behalf of the borrower, a venture between The Carlyle Group and South
Bay Development Company, to secure the five-year, floating-rate loan from funds
managed by Oaktree Capital Management, L.P. (“Oaktree”).
Completed in
2018, Creekside@17 comprises 177,815 square feet of best-in-class office space
designed to accommodate full or multi-floor users.
The
five-story building offers 36,000-square-foot average floorplates, underground
parking, spacious break rooms and collaboration areas, and building signage
along Highway 17, which has exposure to more than 200,000 vehicles per
day.
The
property’s location at 675 Creekside Way is positioned within the West
Valley submarket of Silicon Valley with visibility off Highway 17, which
connects to Highway 85 and Interstate 280, providing access to the entire Bay
Area.
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| Chris Gandy |
Creekside@17 is adjacent to a 158-room Courtyard
by Marriott hotel and the Hamilton VTA Light Rail station and is close to
numerous retail and service amenities in Downtown Campbell, the Pruneyard and
Santana Row.
The HFF debt
placement team representing the borrower included senior director Chris
Gandy.
Holliday GP Corp.
("HFF") is a real estate broker licensed with the California
Department of Real Estate, License Number 01385740.
CONTACTS:
CHRIS GANDY
CA Lic. #01899208
HFF Senior Director
(415) 276-6300
KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990