SAN JOSE—Cohen Financial, a national real estate capital services firm, says it has secured more than $14 million refinancing for the Echelon Corporation's headquarters comprising two, three-story Class A office buildings located at 550 Meridian Avenue in San Jose, CA. The buildings are fully leased by Echelon Corporation.
Paul Schroeder, a Managing Director in Cohen Financial's San Francisco office, secured the fixed-rate, long-term, non-recourse financing. The lender is Sun Life Financial. The borrower is a local commercial real estate developer.
“The real estate fundamentals, strong location and burgeoning high-technology market in Silicon Valley were all attractive factors for Sun Life,” said Schroeder. “The property is located in the immediate proximity to the light rail station and surrounding residential and mixed use development will continue to transform the area.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
