Cushman & Wakefield Arranges $515 Million Financing for New Bay Area Office Campus

BURLINGAME, CA / NEW YORK, NY, April 23, 2019 – Cushman & Wakefield announced today the firm served as the exclusive advisor to Kylli, Inc. in the procurement of $515 million in financing for Burlingame Point, a brand new, state of the art 803,000-square-foot office campus in Burlingame, California. The construction financing was provided by J. P. Morgan and Starwood Property Trust. Burlingame Point is currently fully leased to Facebook, Inc. for occupancy by Oculus, Facebook’s virtual reality company. The campus is expected to be completed in 2020. A Cushman & Wakefield team led by Steve Kohn and Mike Moran with Chris Moyer, Terry Daly, Clarke Funkhouser, Noble Carpenter III and Jessica Ke represented Kylli, Inc. in procuring the financing. “The market for construction and transitional financing has been bursting at the seams over the past year with well-located office development for world-class technology, biotechnology and life science companies on [...]