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4/08/21
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Kylli Inc has secured $750 mil in refinancing on its Burlingame Point office campus on the San Francisco Peninsula. The new, state-of-the-art campus is LEED Gold-certified property and consists of four Class A office/R&D/life science buildings totaling approximately 771k sf, a 33k sf amenity building and more than 2,300 on-site covered and surface parking spaces.
Steve Kohn, Chris Moyer, Terry Daly, Rob Rubano, Keith Padien, Alex Lapidus and Meredith Donovan with Cushman & Wakefield’s Equity, Debt & Structured Finance team arranged the 9.3-year fixed-rate financing. The money was provided by affiliates of Goldman Sachs, J.P. Morgan, Deutsche Bank and Athene Annuity & Life Company (via Apollo Global Management).
Cushman & Wakefield also advised Kylli on the construction financing of the asset in April of 2019. Mike Moran and Clarke Funkhouser of Cushman & Wakefield provided leasing market support.
Centrally located between Silicon Valley and downtown San Francisco, Burlingame Point is the newest, best-in-class office development on the San Francisco Peninsula waterfront. Situated on 18.13 acres, the property provides tenants with an abundance of waterfront, common area and open green space.
Burlingame Point offers unparalleled access to the dynamic business environment that thrives in the Bay Area. Its location is within miles of Silicon Valley technology, Bay Area Life Science research and the world’s greatest collection of venture capital fund managers. With immediate access to Hwy 101, Caltrain, BART and the San Francisco International Airport, Burlingame is perfectly positioned for the next generation of diverse, innovative businesses.
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