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September 20, 2019
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FINANCING NEWS
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Silicon Valley Office Project Lands $314 Mil in Acquisition and Construction Money

5/09/19

Harvest Properties and Invesco Real Estate are closer to starting work on Catalyst, a fully-entitled, four-property office portfolio that will comprise 587.9k sf in the Silicon Valley city of Sunnyvale, after securing $313.8 mil in acquisition and construction financing for the project.

Catalyst currently consists of a shovel-ready office development site and three existing office buildings totaling 164.9k sf, two of which will ultimately be demolished and replaced with new Class A office space. Upon completion, the development will comprise three newly built, Class A office buildings with two parking structures and one original Class B office building.

The project is situated in the heart of Silicon Valley, surrounded by high profile corporate neighbors, including Apple, Google, Microsoft, LinkedIn and Amazon. Catalyst has superior connectivity to the entire Silicon Valley and Bay area being located within minutes of Highway 101 and State Route 237 as well as the Downtown Sunnyvale and Sunnyvale Baby Bullet Caltrain stations.

Brandon Roth, Bruce Ganong, Peter Smyslowski and Bercut Smith with HFF arranged the financing. It is being funded through ACORE Capital, a leading commercial real estate finance company.





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