Jun
29
Silicon Valley Project Lands $79M Construction Loan
ByDevelopment on Broadway Station will start in the third quarter, with delivery expected in the summer of 2019. Chan Zuckerberg Initiative already preleased the entire building.
San Francisco-based PCCP LLC has provided a $78.6 million construction loan to Lane Partners for Broadway Station, a 114,859-square-foot, Class A office building in downtown Redwood City, Calif.
Lane Partners, of Menlo Park, Calif., has already preleased all of the four-story building’s office space to the Chan Zuckerberg Initiative. CZI was founded in 2015 by Facebook founder Mark Zuckerberg and his wife Priscilla Chan, with the mission to “advance human potential and promote equality in areas such as health, education, scientific research and energy.”
