REBusinessOnline

CBRE Arranges $111.5M Refinancing for Rancho Vista Corporate Center in San Diego

Ranch-Vista-Corporate-Center-San-Diego-CA

The 816,771-square-foot Rancho Vista Corporate Center, located at 16399 W. Bernardo Drive in San Diego, has undergone a $70 million repositioning and renovation program.

SAN DIEGO — CBRE Capital Markets’ Debt & Structured Finance group has arranged a $111.5 million loan for the refinancing of Rancho Vista Corporate Center, an office/R&D campus in San Diego. The borrower is Swift Real Estate Partners.

Mike Walker, Brad Zampa, Megan Woodring and Taylor Shepard of CBRE’s San Francisco office secured the floating-rate financing for the borrower. Annaly Commercial Real Estate served as lender.

Situated on 67.5 acres at 16399 W. Bernardo Drive, Rancho Vista Corporate Center offers a total of 816,771 square feet of office and R&D space spread across multiple buildings, including a three-story, Class A office building.

Swift Real Estate Partners acquired the campus in 2016 and has completed a $70 million transformation of the property, including upgraded building systems; added amenities, such as a fitness center and outdoor sports court facility; open-air collaboration and gaming areas; cafeteria renovation; new facades; exterior and landscaping upgrades; and increased connectivity between the buildings. The company recently completed the final stage of its repositioning strategy, which included converting Building 60 into Class A creative office space from R&D use.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.



Related News

Webinars on Demand


Conferences


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties