CBRE Capital Markets’ Debt & Structured Finance team announced that it has secured $45.0 million in long-term financing for the acquisition of Torre Plaza, an 88,580-square-foot, Class A, institutional-quality office building in Cupertino, California.

Shawn Rosenthal of CBRE’s Midtown Manhattan office secured the loan on behalf of the borrower, an affiliate of Harbor Group International, LLC. The ten-year interest-only loan was provided by J.P. Morgan.

“The combination of a AA- credit rated tenant, strong and active sponsorship group, and the healthy Cupertino office market led to heated competition for this loan from the financing markets. The end product was an aggressively priced ten-year interest-only loan,” said Mr. Rosenthal, executive vice president, CBRE.

The three-story property is situated on a 4.2 acre site in the heart of Cupertino. The property is 100% leased to a leading online retailer.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.