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December 19, 2018
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Lane Partners Buys 600k sf Office Asset in San Jose


A Lane Partners-led venture has acquired HQ@first, a 603.7k sf, three-building creative office tower property in San Jose. The property, located at 110, 120, and 130 Holger Way, was acquired with $200 mil in financing.

Built in 2010, the Class A, state-of-the-art property is situated on just under 10 acres at the intersection of Hwy 237 and North First St in the heart of Silicon Valley. The LEED Gold-certified project features a campus environment with landscaped paths, natural light, views of the bay and hills, outdoor BBQ and patio areas, basketball court, top-of-the-line fitness center and locker rooms, a game room, an expansive executive business center and a 300-plus seat cafeteria.

Ramsey Daya and Chris Moritz with NKF Capital Marketsí debt and structured finance team arranged the financing. The loan was placed with Blackstone Mortgage Trust.

HQ@first is adjacent to multiple VTA Light Rail stations that connect to Caltrain, AMTRAK, ACE Train, and eventually BART and offers abundant parking. The property offers immediate access to a restaurant, retail and hotel amenity base with the @first retail center across the street. @first tenants include Chipotle, Chick-Fil-A, Five Guys, Panera, Coffee Bean, CVS, Target, Chase, Courtyard by Marriott and Hyatt House.

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