CBRE Secures $11.75 Million Refinance For Junction Business Park In San Jose, CA

CBRE Capital Markets, Junction Business Park, Silicon Valley’s “Golden Triangle”, Stockbridge Capital Group, CBRE Debt & Structured Finance, North San Jose

CBRE Capital Markets’ Debt and Structured Finance team has secured $11.75 million to refinance Junction Business Park, a two-building flex/industrial portfolio in San Jose, CA. The 119,208-square-foot property is located in Silicon Valley’s “Golden Triangle,” at the intersection of Junction Avenue and Hartog Drive just off Interstate 880.

Megan Woodring, Brad Zampa, Michael Walker and Taylor Shepard of CBRE’s San Francisco office arranged the financing on behalf of the borrower, Stockbridge Capital Group. The lender is an East Coast-based life company with whom CBRE has a longstanding relationship.

“Stockbridge was able to create a tremendous amount of value since their acquisition of this portfolio in 2014, increasing both rents and occupancy,” said Megan Woodring, Vice President at CBRE Debt & Structured Finance. “Their successful operating history contributed to the fact that we had multiple competitive non-recourse balance sheet quotes, all from groups vying to establish a relationship with premier sponsorship. Ultimately we were pleased to introduce Stockbridge to a new capital source who offered an extremely favorable execution.”

Located at 1911-1943 Hartog Drive and 1914-1968 Junction Avenue in North San Jose, Junction Business Park spans 6.34 acres and 119,208 square feet of light industrial and R&D space. The property is currently 100 percent leased to a diverse roster of tenants.

The property offers convenient access to Interstate 880 and Highway 101, which connects to Highways 237 and 85. Located just two miles from the San Jose Mineta Airport and five miles from the Santa Clara Caltrain station, the property provides multiple commute options as well as proximity to a large number of nearby restaurants, retail and hotels.

About Stockbridge Capital Group
Stockbridge Capital Group is a fully independent real estate investment management firm founded in 2003 and headquartered in San Francisco with additional offices in Chicago, New York, and Atlanta. The firm’s portfolio comprises assets across the investment risk spectrum, including core, value-added and opportunistic strategies. Stockbridge and its affiliates have approximately $11.3 billion of assets under management (as of September 30, 2017) spanning all major real estate property types, and certain specialty property types, throughout the United States. Stockbridge’s senior management has an average of 25 years of real estate industry experience and has collectively invested over $50 billion in more than 500 real estate and capital markets transactions.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), 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 2016 revenue). The company has more than 75,000 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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