PALO ALTO, CA—CBRE CapitalMarkets' Debt & Structured Finance team recentlyarranged $86.5 million in non-recourse financingfor the acquisition of 3175 Hanover St, a128,678-square-foot, single-tenant office building.
The property is leased toCooley LLP, an esteemed global law firm, and it islocated in the prestigious Stanford Research Park,which is home to many companies such as VMware,Hewlett-Packard, and Tesla's HQ andresearch facility.
John Nelson of CBRE's San Francisco officearranged the acquisition financing on behalf of the borrower, aSand Hill Property Company joint venture. Thefinancing was provided by a Wall Streetlender.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
