MILPITAS, CA—Houston Firm Lionstone Investments and Silicon Valley based Orchard Partners, have borrowed $84 million through CBRE to acquire a a 14-building, 610,000-square-foot, institutional quality office and R&D campus here.
CBRE Capital Markets' Debt & Structured Finance team arranged the acquisition financing for Tasman Technology Park, in Milpitas. Brad Zampa, Michael Walker and Megan Woodring of CBRE's San Francisco office arranged the acquisition financing on behalf of the borrower, an entity owned by Houston based and SV Partner.
CBRE arranged the seven-year, non-recourse, fixed-rate, partial interest-only financing at a competitive rate in the low 4% range. The financing was provided by an East Coast based life insurance company.
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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.
