$33.28 million financing arranged for San Jose, CA mixed-use acquisition

Stevens Creek Executive Park in San Jose, CA, includes about 137,500 square feet of office and 28,000 square feet of retail space

SAN FRANCISCO, CA – JLL Capital Markets announced it has arranged $33.28 million in acquisition financing for Stevens Creek Executive Park, a five-building, multi-tenant, mixed-use asset totaling 165,500 square feet of office and retail space with additional entitlements in San Jose, California.

Alex Witt

 Stevens Creek Executive Park currently includes approximately 137,500 square feet of office and 28,000 square feet of retail space.

The property is situated on 9.24 acres at 4300-4400 Stevens Creek Blvd. in a transit-oriented Silicon Valley location that is exposed to more than 100,000 vehicles per day.

 Stevens Creek Executive Park is also entitled for a major redevelopment that would include 582 residential units, additional office space and 10,000 square feet of retail.

The San Francisco JLL Capital Markets Debt Placement team representing the borrower was led by Alex Witt, Brandon Roth and Spencer Bergthold.

Brandon Roth 

“Despite the market uncertainty caused by Covid-19, California Bank and Trust delivered accretive financing for the acquisition,” Witt said.

 “This speaks to the quality of the sponsor’s reputation and business plan that they successfully obtained non-recourse bank financing at a time of limited liquidity for like kind assets.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

 Spencer Bergthold

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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CONTACTS:

Alex Witt

CA Lic.: #01223413

Phone: +1 415 395 4976

Email: Alex.Witt@am.jll.com

Kimberly Steele

 JLL Senior Associate

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com