TheBurlingame Point development is on 18.13 acres of Bay waterfront onthe Peninsula.
BURLINGAME, CA—Burlingame Point is an 803,000-square-footoffice/R&D campus that is fully leased to Facebook Inc. for occupancy by Oculus,Facebook's virtual reality company. Expected for 2020 completion,the development is situated on 18.13 acres of Bay waterfront on thePeninsula. Comprised of four office buildings, an amenity buildingand a parking structure, the campus offers 360-degree views of theBay and surrounding mountains.
While the below-ground construction on the project has beenunderway for more than a year and Facebook inked its lease aroundyear-end 2018, the financing piece took a dramatic shiftthereafter, GlobeSt.com learns. As the project continued toprogress, Kylli Inc. recently obtained $515 million in construction financing.
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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.
