Property Summary
Located in the heart of downtown San Jose, 200 Park is a 19-story, 965k square foot, class-A office building, designed and developed by the renowned Jay Paul Company. Currently downtown San Jose’s tallest building, the iconic, state-of-the-art, LEED gold certified property was designed to prioritize the health and well-being of its occupants - and the environment. The building features extensive sustainability and resiliency measures, including an innovative seismic bracing system, which provides significantly more strength and less movement during earthquakes. The ultramodern building also boasts vast floor spaces, 24.3k square feet of outdoor terraces, cutting-edge carved light canyons, four levels of underground parking, as well as a 20.5k square foot fitness and amenity center.
C-PACE Opportunity
Nuveen Green Capital was proud to provide $220 million in C-PACE financing to recapitalize recently completed sustainability and resiliency measures for 200 Park. By leveraging C-PACE’s flexibility of structure, longer term, and attractive economics, the Sponsor was able to refinance their existing construction loan, providing them with the flexibility to continue to execute their business plan.
