SILICON VALLEY OFFICE PORTFOLIO RECEIVES $200M IN REFINANCING

CUPERTINO, CALIF. – A six-property office portfolio in Silicon Valley has received $200 million in refinancing. Microsoft occupies five of the portfolio’s buildings, for a total of 500,000 square feet. They serve as the firm’s primary Silicon Valley campus. Apple occupies the remaining 211,000-square-foot building in Cupertino.

All of the borrowing entities are controlled by Carl Berg, who developed the Microsoft campus in 1999 and the Apple property in 1981. Financing was arranged by Dennis Sidbury of NorthMarq Capital’s San Francisco office. It was provided by Prudential Mortgage Capital Company for a 130-month term.