Gantry Secures $25M Refinance for Renovated Creative Office in Palo Alto
Gantry has arranged a $25 million loan to refinance maturing debt on a recently renovated creative office property located at 250 Cambridge Avenue in Palo Alto. The 38,000-square-foot building was originally acquired and modernized by a private real estate investor. Gantry’s Principal Robert Slatt, Director Murphy Osborne, and Senior Associate Joe Foley represented the borrower in the transaction.
The financing was structured as a three-year, fixed-rate loan with a 30-year amortization schedule. The loan was provided by one of Gantry’s correspondent life insurance company lenders, and Gantry will continue to service the debt.
“This was a strategic acquisition for an experienced sponsor who successfully transformed the property into a modern creative office space suited to a high-demand submarket,” said Slatt. “With strong current leasing and additional tenants expected in the near term, the property is well-positioned for continued growth. The refinance replaces the original acquisition debt with a long-term, fixed-rate solution tailored for stabilized performance.”
The strong location and recent upgrades have positioned the building as a desirable option within the competitive Palo Alto office market.
