facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Office

/

Loan

/

2 Circle Star Way, San Carl...

Updated Jun 5, 2025

Newmark Brokers $932M Acquisition Loan For Office Portfolio In San Carlos, Plainfield, Renton, Phoenix, And Atlanta
FINANCEDOffice

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

Dustin Stolly

Walker & Dunlop

Broker

$51.1B

vol

273 deals

Broker
Bank of Montreal (BOM)
Bank of Montreal (BOM)Lender

Redwood City Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Deal FAQ

About $116 per square foot on a published $932M for 8,000,000 square feet (2022).

Visit Dustin Stolly to view all their deals.

Browse Redwood City office loans on Traded.

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

More Deals

Nearby Markets