August 31, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces an $84.78 million refinancing for 4300 and 4400 North First Street, a two-building Class A office campus totaling 376,664 square feet in North San Jose, California.
The HFF team worked on behalf of the borrower, The Carlyle Group, to secure the five-year, floating-rate loan.
4300 and 4400 North First Street are located at the intersection of North First Street and Highway 237 in the Innovation Triangle submarket of Silicon Valley. The 8.26-acre site features highway visibility and access to a robust amenity base, including @First, a Target-anchored shopping center located across the street; Levi’s Stadium; the Norman S. Mineta International Airport and access to local freeways, including Interstates 280, 680 and 880 and US Highway 101, providing access to the entire Bay Area. Completed in 2000, 4300 and 4400 North First Street are both three-story, steel-framed office buildings featuring 63,000-square-foot floorplates.
The HFF debt placement team representing the borrower included director Chris Gandy and associate Christie Donnelly.