NKF Capital Markets Secures Construction Financing For Redwood City Office
Lane Partners has received construction loan financing for its Broadway Station project in downtown Redwood City. PCCP will provide a loan for the 114,859 SF four-story Class-A building. The building has been 100% pre-leased to the philanthropic Chan Zuckerberg Initiative. NKF Capital Markets’ Northern California Debt and Structured Finance Group Managing Director Chris Moritz and Vice Chairman Ramsey Daya were involved in securing the financing. Groundbreaking is expected Q3 2017.
Broadway Station at 2075 Broadway will be close to 75 restaurants and bars and a theater within walking distance. It will have access to the Redwood City Caltrain station, Highway 101 and I-280. Broadway Station is part of Redwood City’s Downtown Precise Plan, which has led to 500K SF of new office. Much of this new office development has been pre-leased, with Box taking the entire 334K SF at Crossing/900 and Goodwin Procter leasing 133K SF at 601 Marshall St.