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| 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.
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| 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.
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| Brandon Roth |
“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.
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| Ben Bullock |
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.
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| 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.
CONTACTS:
CHARLES HALLADAY
CA Lic. #01756300
HFF Senior Managing Director
(415) 276-6300
BRANDON ROTH
CA Lic. #01767532
HFF Senior Director
(415) 276-6300
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3403
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