SUNNYVALE, CA—The Central & Wolfe Campus for Apple's iconic 770,000-square-foot facility has acquired site funding. Manatt, Phelp & Phillips LLP closed a $115 million acquisition loan from Wells Fargo to help Jay Paul Company acquire the site at 222 North Wolfe Rd. on which Jay Paul will develop the Apple campus. Manatt previously represented Landbank, the original developer/land seller of the site, in connection with evaluation of financing alternatives and assisted in negotiating the lease with Apple.

Landbank, along with a design team led by HOK Architects, is redeveloping the 18-acre site at the intersection of Central Expressway and Wolfe Road in Sunnyvale. The Manatt team included San Francisco-based partner Clay Gantz, with assistance from associate Grace Yang and counsel Scott Johnson.

Gantz tells GlobeSt.com: "The Central & Wolf campus is destined to be a Silicon Valley landmark, and is a testament to the vision of Landbank, the Jay Paul Company and Apple. We are, as always, very gratified to have had the opportunity to assist with this iconic development."

The LEED platinum campus is composed of three four-story connected office buildings and a two-story amenities building. Total building square footage is 770,000 square feet, of which 740,000 square feet is office and 30,000 square feet is services and amenities. The campus is highly flexible and divisible, and can be leased to one, two or three tenants as 250,000 square feet, 530,000 square feet or 770,000 square feet.

There are four floors of occupied space sitting above two levels of podium parking, with the lobbies and amenities located at the ground level. And because these are post-tensioned, cast-in-place concrete buildings, all of the office spaces will have 13.5-foot floor-to-floor heights. Each of the three office buildings has an average floor plate of 62,000 square feet, but because all three buildings are connected by 60-foot wide occupied spaces, the floor plates are up to 208,000 square feet.

The indoor amenities for potential uses include a cafeteria, a fitness center, conference center, coffee bar, grab-and-go meals, general store, barbershop, bike repair shop, banking, dry cleaning and laundry pickup, and health and wellness options.

The central Quad has a 500-person sunken amphitheater, designed to allow food truck access in and around it. Additionally, the campus includes sports courts and fields, as well as more than two miles of on-site walking and bike paths.

The design has essentially eliminated surface parking through the use of under-building podium parking and a standalone garage. In doing so, 53% of the 18-acre site area will be preserved as open space while including more than 90,000 square feet of rooftop gardens. A 208,000-square-foot rooftop garden with almost one additional mile of walking trails is also part of the plans.

As previously reported, Jay Paul's Moffett Place campus, which is entirely leased to Google, was recently funded.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.