CBRE Arranges $147.5 Million Refinancing for Fully Leased Class A Office Building in Mountain View

CBRE has arranged $147.5 million in non-recourse financing for 750 Moffett, a 221,788-square-foot Class A office building in Mountain View, California, the firm announced Aug. 25. The financing was structured on behalf of Genesis Commercial Capital and JR-AMC and refinances existing debt ahead of loan maturity.

Deal Structure and CBRE Team

CBRE's Debt & Structured Finance team, led by Mike Walker, Brad Zampa and Andy Gross, arranged the financing. The non-recourse package combines senior debt with Commercial Property Assessed Clean Energy, or C-PACE, financing.

"The financing demonstrates continued capital availability for high-quality office assets with strong tenancy and long-term income characteristics, even as lenders maintain disciplined underwriting standards," said Walker, executive vice president at CBRE.

At $147.5 million across 221,788 square feet, the financing equates to approximately $665 per square foot.

Property Overview: 750 Moffett

Located at 750 Moffett Blvd in Mountain View's Moffett Park submarket, the five-story building achieved LEED Platinum certification and is fully leased to an investment-grade technology company. The property sits within one of Silicon Valley's established innovation corridors, offering proximity to a concentration of global technology firms and a deep regional talent pool.

The building was completed in 2020 and is designed to meet the operational requirements of large technology occupiers.

Silicon Valley Office Market Context

The transaction comes as Silicon Valley's office market continues a gradual recovery. CBRE Research reported the region recorded its seventh consecutive quarter of occupancy gains in Q2 2026, with overall vacancy declining to 15.2%. Leasing activity reached 2.7 million square feet during the quarter, the highest level since Q4 2024.

Mountain View and Los Altos emerged as among the market's strongest-performing submarkets during the period, supported by positive absorption and sustained tenant demand. Average asking rents across Silicon Valley stood at $5.27 per square foot per month on a direct, full-service gross basis.

Despite the sequential improvement, the market remains bifurcated. Vacancy in the mid-teens reflects continued pressure on older or less-leased properties, while newly built, fully occupied assets with investment-grade tenancy have continued to attract financing. The 750 Moffett deal illustrates that dynamic: capital is concentrating around a narrow set of office assets that combine new construction, full occupancy, and creditworthy tenancy.

About the Parties

CBRE Group, Inc. (NYSE: CBRE) is headquartered in Dallas and is the world's largest commercial real estate services and investment firm, with more than 155,000 employees serving clients in more than 100 countries. The company operates through four business segments: Advisory, Building Operations & Experience, Project Management, and Real Estate Investments.

Genesis Commercial Capital and JR-AMC served as the borrowing entities in the transaction.

Sources

CBRE Press Release: CBRE Arranges $147.5 Million Financing for Fully Leased Class A Office Property in Silicon Valley