MILPITAS, CA—Houston Firm Lionstone Investmentsand Silicon Valley based Orchard Partners, haveborrowed $84 million through CBREto acquire a a 14-building, 610,000-square-foot, institutionalquality office and R&D campus here.
CBRE Capital Markets' Debt & StructuredFinance team arranged the acquisition financing forTasman Technology Park, in Milpitas. BradZampa, Michael Walker and Megan Woodringof CBRE's San Francisco office arranged the acquisition financingon behalf of the borrower, an entity owned by Houston based and SVPartner.
CBRE arranged the seven-year, non-recourse, fixed-rate, partialinterest-only financing at a competitive rate in the low 4% range.The financing was provided by an East Coast based lifeinsurance company.
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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.
