PCCP Provides $17.1MM Loan to Swift Real Estate Partners for the Redevelopment of Airport Technology Park in Santa Clara, CA
San Francisco, Calif., October 13, 2015 – PCCP, LLC announced today that it has provided a $17.1 million mezzanine loan to Swift Real Estate Partners for the redevelopment of Airport Technology Park, a six-building, multi-tenant office park totaling 295,426 square feet in Santa Clara, Calif. Swift Real Estate Partners acquired the property in July 2015. The business plan is to create a campus-like property attractive to tenants in the market that desire a high quality feel without paying a rent premium for new construction in the submarket. The mezzanine loan will fund the majority of these capital improvements.