Broadreach Capital Partners Secures $150 Million Refinance Loan For Office Property Fully Leased To Google

1625 Plymouth Street is a 245,738-square-foot Class AA+ office property located in Mountain View, California. This asset is fully leased to Google through 2033 and features a LEED Platinum certification with an annual rent escalation of 3%. Broadreach Capital Partners secured a loan of $150 million to refinance this property, which replaces a previous loan issued in 2018.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $150,000,000
• Address: 1625 Plymouth Street
• Market: Mountain View, CA
• Lender: Apollo Global Management
• Landlord: Craig Vought, John Foster & Philip Maritz - Broadreach Capital Partners
• Loan Type: Refinance

The refinancing transaction was handled by Apollo Global Management, providing financial backing for Broadreach Capital Partners, the landlords of the property. The new mortgage replaces the previous loan held by NYSTRS, highlighting the continued investment in the Google-occupied asset.