SAN JOSE, CA-Holliday Fenoglio Fowler LP has arranged an $80-million refinancing for Cityview Plaza, a nine-building, class-A office and retail complex totaling 602,972 square feet in downtown San Jose, CA. HFF worked on behalf of the borrower, an affiliate of BPG Properties Ltd., to secure the five-year, fixed-rate loan through J.P. Morgan Chase Bank N.A.
Loan proceeds are replacing maturing debt on the property. The HFF team representing the owner was led by managing director Steve Gunther.
Cityview Plaza is a recently-renovated, mixed-use campus consisting of nine high-rise and mid-rise office buildings and retail and restaurant space totaling 600,972 square feet, united by a newly designed plaza area with outdoor seating, artwork and water features. Presently, the property is 84% leased.
Major tenants include Bank of America, URS Corp., Overland Storage, Heritage Bank of Commerce and Morton’s Steakhouse. The 11-acre property is within walking distance of the Convention Center, Caltrain, light rail, DASH shuttle service and a future BART station.
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