{"id":14711,"date":"2017-12-08T12:51:54","date_gmt":"2017-12-08T12:51:54","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=14711"},"modified":"2026-04-07T15:22:26","modified_gmt":"2026-04-07T12:22:26","slug":"nkf-secures-200m-financing-san-jose-office-campus","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/nkf-secures-200m-financing-san-jose-office-campus\/","title":{"rendered":"NKF Secures $200M Financing for San Jose Office Campus"},"content":{"rendered":"

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NKF Capital Markets secured a $200 million loan to finance the acquisition of a three-building, 591,045-square-foot creative office campus in San Jose, which previously housed Brocade Communications. The buyer was Lane Partners, a Menlo Park-based development company. The Blackstone-backed mortgage was negotiated by Ramsey Daya and Chris Moritz of NKF\u2019s San Francisco finance team.<\/p>\n

Brocade decided to sell its offices at 110, 120 and 130 Holger Way\u2013also known as HQ @first\u2013after its merger<\/a> with chipmaker Broadcom. Although Broadcom has announced plans to move its legal headquarters from Singapore to the U.S., the San Jose property was put on the market as part of the company\u2019s cost-cutting efforts.<\/p>\n

The campus fetched $225.5 million, distributed between the three office buildings ($78 million for 130 Holger Way, $75 million for 120 Holger Way, and $42.5 million for 110 Holger Way) and a 1,879-car parking space (sold for $30 million).<\/p>\n

The LEED Gold-certified HQ @first was built in 2010, and is spread across 9.7 acres of land. The buildings feature highly-desirable amenities for tech companies, such as an outdoor barbeque, patio areas, a basketball court, a fitness center, a game room, and a 300-seat cafeteria.<\/p>\n