Broadreach Secures $150M Financing for Google Build-to-Suit Office Building in Mountain View, California
MOUNTAIN VIEW, CALIF. — Broadreach Capital Partners has secured $150 million in financing for 1625 Plymouth, a 245,738-square-foot, build-to-suit office development in the North Bayshore submarket of Mountain View. The property is 100 percent pre-leased to Google Inc.
The closing of the loan coincided with the completion of construction of the shell of the building and delivery to Google for a tenant improvement build-out. The highly amenitized, LEED Platinum certified building will feature multiple outdoor deck spaces for functions and activities.
HFF arranged the fixed-rate, permanent loan through the New York State Teachers Retirement System (NYSTRS).
“Working with the team at Broadreach Capital Partners and assisting them in securing a new relationship with NYSTRS was a tremendous opportunity and we are excited to watch the continued progress on site as the tenant completes its work and occupies this best-in-class office building,” said Bruce Ganong, senior managing director at HFF.
Architecture firm WRNS Studio designed the building.
Broadreach Capital Partners is a Palo Alto-based real estate investment firm focused on development, acquisitions and asset management of commercial real estate in the Western states.
— David Cohen