When complete, 600 Clyde Ave. will be a five-story 189,974-square-foot LEED Platinum office building.
MOUNTAIN VIEW, CA—Upon completion, 600 Clyde Ave. will be a five-story 189,974-square-foot LEED Platinum office building and an adjacent four-story parking structure on a 5.2-acre site. The fully entitled project recently began construction with completion and delivery anticipated for July 2020.
The property is fully pre-leased to Google LLC. PCCP LLC recently provided a $103 million senior loan to Renault & Handley Mid-Peninsula Joint Venture for the development of 600 Clyde Ave.
“This loan provides PCCP with an ideal combination of best-in-market real estate product, robust Mountain View office market and a long-term lease by a very strong credit tenant,” said Dorian Farhang, vice president with PCCP. “Additionally, the project administrator, Renault & Handley, is an established full-service brokerage and property management firm with significant experience in the Silicon Valley market.”
Renault & Handley Mid-Peninsula Joint Venture originally acquired the site located at 580 and 620 Clyde Avenue in 1968 and the firm developed the land into two separate industrial/R&D buildings totaling about 75,000 square feet, which were demolished last year for this project. 600 Clyde Ave. will feature a 9,600-square-foot sky-deck with outdoor seating and working stations, a fitness center, employee showers and bike storage. Additionally, the parking garage will accommodate circulation of full-size employee shuttle buses.
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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.
