CBRE has arranged $147.5 million in financing for 750 Moffett, a newly completed Class A office property in Mountain View. The 221,788-square-foot building is fully leased to an investment-grade technology company, providing long-term income visibility at the asset.
The financing was structured by CBRE’s Debt & Structured Finance team led by Mike Walker, Brad Zampa and Andy Gross. The team arranged the non-recourse package on behalf of Genesis Commercial Capital and JR-AMC, bringing together multiple capital components to address the property’s existing debt.
According to CBRE, the structure combined senior debt with Commercial Property Assessed Clean Energy (C-PACE) financing. Proceeds were used to refinance the building’s existing loan ahead of its scheduled maturity, allowing the ownership to reset its capital stack while maintaining the property under its current tenancy.
Walker, an executive vice president with CBRE, noted that the transaction underscores that capital remains available for high-quality office assets supported by strong tenants and durable cash flow. He added that this activity is taking place even as lenders continue to apply disciplined underwriting standards in the current environment.
Located near Moffett Park in Mountain View, 750 Moffett is a LEED Platinum-certified office building designed for modern technology users. CBRE describes the property as being positioned within one of Silicon Valley’s leading innovation corridors, reinforcing the strategic nature of the location for technology-focused office demand.
The transaction highlights a recently delivered, fully leased office asset securing sizable non-recourse financing, with a structure that incorporates both traditional senior debt and C-PACE capital. For stakeholders in the area, the deal illustrates how well-leased, environmentally certified office properties in established technology corridors continue to attract refinancing solutions despite cautious lending conditions.
