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Miramar Capital and Machine Investment Group Buy 165k sf Office Campus in San Jose

8/18/20

Miramar Capital and Machine Investment Group have teamed in the purchase of Stevens Creek Executive Park, a five-building, multi-tenant, mixed-use asset totaling 165.5k sf of office and retail space with additional entitlements in San Jose. The property was acquired with new financing of $33.28 mil.

Stevens Creek Executive Park currently includes approximately 137.5k sf of office and 28k sf of retail space. The property is situated on 9.24 acres at 4300-4400 Stevens Creek Blvd, in a transit-oriented Silicon Valley location that is exposed to more than 100,000 vehicles per day. Stevens Creek Executive Park is also entitled for a major redevelopment that would include 582 residential units, additional office space and 10k sf of retail.

Alex Witt, Brandon Roth and Spencer Bergthold with JLL Capital Markets arranged the three-year, interest-only loan through California Bank and Trust.




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