Updated Jun 5, 2025
Newmark Brokers $932M Acquisition Loan For Office Portfolio In San Carlos, Plainfield, Renton, Phoenix, And Atlanta
2 Circle Star Way, San Carlos, California 94070, United States
$932,000,000
$116/SF
Building Size
8,000,000 SF
Asset Type
Office
Closing
Aug 25, 2022
About this deal
AI
Summary of transaction details
- Property Type: Office
- Transaction Amount: $932,000,000
- Address: 2 Circle Star Way, 1501 North Division St., 500 Naches Ave. SW, 25500/25600 Norterra Pkwy., & 2500 Windy Ridge Pkwy.
- Market: San Carlos, CA, Plainfield, IL, Renton, WA, Phoenix, AZ, Atlanta, GA
- Lender: JP Morgan - Jamie Dimon; Bank of Montreal - Darryl White
- Landlord: GIC - Lim Chow Kiat; Workspace Property Trust - Tom Rizk
- Brokers: Jordan Roeschlaub & Dustin Stolly - Newmark
The office loan at 2 Circle Star Way, San Carlos, California 94070, United States in Redwood City, California financed for $932M in 2022. The building is 8,000,000 square feet, implying about 116 per square foot on the published price. Dustin Stolly, Jordan (Jordy) Roeschlaub, Newmark appear on the loan alongside Newmark. This page is the Redwood City, California file for the 2 Circle Star Way, San Carlos, California 94070, United States office financed: pricing, party profiles, and other closed office comps from the same Redwood City sit in the Market section below. Filter that Redwood City office set by closing date to see what else financed near 2 Circle Star Way, San Carlos, California 94070, United States around 2022. Published consideration for 2 Circle Star Way, San Carlos, California 94070, United States is $932M, dated 2022. Cite this Newmark Brokers $932M Acquisition Loan For Office Portfolio In San Carlos, Plainfield, Renton, Phoenix, And Atlanta loan when underwriting similar office product around Redwood City, California.
Players
Redwood City Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93