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Follow on Google News | Mesa West Capital Finances Acquisition of Silicon Valley Office BuildingBy: Mesa West Capital The seller, semiconductor company AppliedMicro, will continue to occupy a portion of the approximately 155,000-square- According to Principal Ronnie Gul, who originated the loan for the Los Angeles-based portfolio lender, a portion of Mesa West’s loan proceeds will be used for a significant renovation to the property, including an expanded window line, façade improvements and entry and common areas upgrades as the sponsor repositions the asset as a Class A office/R& “215 Moffett Park Drive offers technology tenants large and efficient floor plates with freeway visibility in a submarket that has seen significant demand from blue-chip companies including Juniper Networks, Microsoft, Amazon and Google,” said Gul. “The vacancy rate in Moffett Park has dropped considerably given this demand and as older office/R& This is Mesa West’s second financing in Moffett Park in the last 12 months. Mesa West provided financing to Dostart Development Company for their acquisition and repositioning of 222 Caspian Drive. About Mesa West Capital, LLC Los Angeles-based Mesa West Capital (www.mesawestcapital.com) End
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