Gantry Arranges $32 Million Refinance Loan For 611 Cowper Street Office Building In Palo Alto

611 Cowper Street is a fully leased Class A office building located in downtown Palo Alto, comprising 30,000 square feet of office space. The property is certified LEED Silver and is currently 100% occupied by Amazon under a long-term lease.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $32,000,000
• Loan Type: Refinance
• Loan Terms: 8.5-year, non-recourse
• Market: Palo Alto
• Brokers: Jeff Wilcox & Andrew Ferguson - Gantry

Gantry facilitated the financing of the refinance for 611 Cowper Street through a national insurance company. The loan will serve to provide permanent financing for the property, which is an integral asset in the office space market of Palo Alto.