Dollinger Lands $28M Refi for Silicon Valley Industrial Asset
The corporation bought the tech park in 2015 for $19.7 million.
Dollinger Houses has secured $27.5 million for the refinancing of the 140,000-sq.-foot Fremont Tech Park II in Fremont, Calif. Gantry organized the 11-year, set level loan, delivered by United Omaha Everyday living Insurance policies, on behalf of the proprietor.
Initially developed in 1998, the residence has been modernized and nicely-taken care of during the several years, featuring large-impression style and design and landscaping. The proprietor bought the asset in September 2015 for $19.7 million. Tenants at the tech park incorporate Equity Office environment Qualities, Flash Electronics and Pacira Prescription drugs, in accordance to CommercialEdge facts.
The a few-building, light industrial/R&D flex-tech campus is found at 46400 Fremont Blvd., one mile west of Interstate 880, furnishing easy accessibility into California’s San Jose, Fremont and Oakland locations, and frequently into the Greater Silicon Valley location. Gantry’s Director, Tony Kaufmann, said in ready remarks that homes these kinds of as Fremont Tech Park II performed nicely through the pandemic because of to the demand for flexible lab place. In accordance to Gantry’s Principal Mark Ritchie, the development of loan companies competing for loans tied to industrial properties will go on in 2022.
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