HFF Secures $63.5MM Bridge Financing for Creekside@17 in Silicon Valley

HFF, Creekside@17, Silicon Valley, Campbell, The Carlyle Group, South Bay Development Company, Oaktree Capital Management, Courtyard by Marriott, Bay Area, Hamilton,

SAN FRANCISCO, CA (September 24, 2018) – HFF announces $63.533 million in bridge financing for Creekside@17, a recently-completed, Class A office building in the Silicon Valley area-community of Campbell, California.

The HFF team worked on behalf of the borrower, a venture between The Carlyle Group and South Bay Development Company, to secure the five-year, floating-rate loan from funds managed by Oaktree Capital Management, L.P. (“Oaktree”).

Completed in 2018, Creekside@17 comprises 177,815 square feet of best-in-class office space designed to accommodate full or multi-floor users. The five-story building offers 36,000-square-foot average floorplates, underground parking, spacious break rooms and collaboration areas, and building signage along Highway 17, which has exposure to more than 200,000 vehicles per day. The property’s location at 675 Creekside Way is positioned within the West Valley submarket of Silicon Valley with visibility off Highway 17, which connects to Highway 85 and Interstate 280, providing access to the entire Bay Area. Creekside@17 is adjacent to a 158-room Courtyard by Marriott hotel and the Hamilton VTA Light Rail station and is close to numerous retail and service amenities in Downtown Campbell, the Pruneyard and Santana Row.

The HFF debt placement team representing the borrower included senior director Chris Gandy.

Holliday GP Corp. (“HFF”) is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

About The Carlyle Group
The Carlyle Group is a global alternative asset manager with more than $200 billion in assets under management across 115 funds and 209 fund of funds vehicles. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world’s largest and most successful investment firms, with more than 1,500 professionals operating in 31 offices in North America, South America, Europe, the Middle East, North Africa, Sub-Saharan Africa, Japan, Asia and Australia. The firm’s investors range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations.

About South Bay Development
Since 1978 South Bay Development Company has acquired, built, developed, and managed commercial property in Silicon Valley. From partnerships with institutional investors to their own accounts, they have expertise in all phases of the development process. They keep pace with the spirit of Silicon Valley business through solid development and acquisition strategy. They focus on the core real estate disciplines of development, acquisition and management to quickly adjust to economic fluctuations, maximizing value and investment potential.

About Oaktree
Oaktree is a leader among global investment managers specializing in alternative investments, with $122 billion in assets under management as of June 30, 2018. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 900 employees and offices in 18 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.

About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

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