Goldman Sachs, TMG Partners Land $362 Million Loan For Silicon Valley Office

KKR has granted a $362 million loan to Goldman Sachs Asset Management and TMG Partners for the purchase and repositioning of a Class A office campus in Silicon Valley’s Mountain View.

NortonLifeLock was the seller, and the joint venture paid $358 million for the 446,000 Sq Ft., multi-building office campus.

The software company is previously known as Symantec previously used the campus as its headquarters and is now leasing back one of the office buildings from the new owners. 

As per sources, Cushman & Wakefield’s Rob Rubano arranged the mortgage.

The campus, at 350-380 Ellis Street, was one of 10 properties that NortonLifeLock stated it would empty in the Mountain View area in January 2020. Google was said to be in talks to acquire the 707,000 Sq Ft. portfolio but put the purchase on ice in April when the country was deep in the throes of the pandemic.

Another portfolio building that was recently sold was the Whisman Campus at 515 North Whisman Road and 545 North Whisman Road. The 149,887-Sq Ft. campus was purchased by SteelWave and Angelo Gordon in April for $100.5 million. 

Mountain View is one of the most highly sought-after office submarkets in the nation, surrounding the campus stars a large group of Silicon Valley’s technology, software, and creative tenants, including GoogleAppleFacebookAmazon, and Samsung.

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