CM Capital Secures $200M Refinancing From Rothesay Life For 525 University Avenue In Palo Alto

525 University Avenue is a 194,000-square-foot office high-rise located in the Palo Alto market. The asset was recently refinanced for $200 million following significant renovations that enhanced its office space and added ground-floor retail options.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $200,000,000
• Address: 525 University Avenue
• Market: Palo Alto
• Lender: Rothesay Life
• Landlord: Rina Bhagwati - CM Capital
• Broker Representatives: Jim Korinek, Bob Ybarra, Bruce Francis & Shaun Moothart - CBRE
• Loan Type: Refinance

CM Capital played a significant role in securing the refinancing for the property, facilitated by Rothesay Life. This deal represents one of the largest life insurance debt executions for a West Coast office building in 2025, with the arrangement executed through CBRE.