Catalyst is a fully entitled four-property office portfolio that will comprise 587,942 square feet.
SUNNYVALE, CA—HFF arranged $313.8 million in acquisition and construction financing for the development of Catalyst, a fully entitled four-property office portfolio that will comprise 587,942 square feet. HFF worked on behalf of a venture between Harvest Properties and Invesco Real Estate to secure the construction loan through ACORE Capital.
Catalyst currently consists of a shovel-ready office development site and three existing office buildings totaling 164,870 square feet, two of which will ultimately be demolished and replaced with new class-A office space. Upon completion, the development will comprise three newly built class-A office buildings with two parking structures and one original class-B office building.
The project is surrounded by high-profile corporate neighbors including Apple, Google, Microsoft, LinkedIn and Amazon. Catalyst is located within minutes of Highway 101 and State Route 237 as well as the downtown Sunnyvale and Sunnyvale Baby Bullet Caltrain stations.
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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.
