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."
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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.
