CBRE Arranges $71.5MM in Financing for The Junction at Montague, Office Campus in San Jose, CA

CBRE Capital Markets’ Debt & Structured Finance, The Junction at Montague, North San Jose, Rockwood Capital, Four Corners Properties, CBRE Capital Markets, Silicon Valley, Infineon Technologies AG, CBRE

SAN JOSE, CA (May 16, 2018) – CBRE Capital Markets’ Debt & Structured Finance team has secured refinancing for The Junction at Montague, a four-building, 262,110-square-foot, office/R&D campus in North San Jose, CA.

Brad Zampa, Mike Walker and Megan Woodring of CBRE’s San Francisco office arranged the five-year, floating-rate bridge financing at a competitive spread priced over the 30-Day LIBOR on behalf of a joint venture including Rockwood Capital and Four Corners Properties. The financing was provided by a national mortgage REIT focused on investing in larger, west coast value-add debt opportunities.

“We were once again surprised by the depth of capital focused on the value-add debt space, with banks, life companies and debt funds all competing to finance this asset,” said Brad Zampa, Executive Vice President, CBRE Capital Markets. “Strength of sponsor, excellent location and the middle market loan size all played a role in creating a highly competitive, bespoke execution for our longstanding valued clients.”

Located at 2520, 2560, 2580 Junction Avenue and 541 E. Trimble Road, the property is a 16-acre campus located in the heart of Silicon Valley’s prestigious “Golden Triangle.” The property’s tenant roster includes Infineon Technologies AG, a semiconductor design/manufacturing firm and Avnet, one of the world’s largest franchised distributors of electronic components and subsystems. The Junction at Montague’s central location provides ease-of-access throughout Silicon Valley via the region’s key freeway systems.

Rockwood Capital and Four Corners Properties acquired the property in December 2015 and will use the loan proceeds to finalize a substantial repositioning to create an open, creative office/R&D space with ample amenities, remodeling more than 65% of the portfolio. Once the renovation is complete, the portfolio is poised to capitalize on the transformation of North San Jose into not only a hub consisting of major technology employers, but also a live-work-play environment.

The North San Jose sub-market is a top choice for both developing companies as well as established Fortune 500 firms due to the high quality of tech-focused space, central location in Silicon Valley and an abundance of new residential and retail developments. Featuring a host of technology companies spanning a diverse cross-section of industries, North San Jose is one of the most desirable and vibrant sub-markets within Silicon Valley.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at

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