LBA Realty Refinances Sunnyvale Office Building With Sixty Two Million Debt Facility

LBA Realty secured 61.5 million dollars to refinance a 125,000-square-foot Class A office property in Sunnyvale, California, the Commercial Observer reported. Real estate lender Mesa West provided the debt facility for the commercial transaction. A JLL Capital Markets team consisting of Kevin MacKenzie, Peter Thompson, and Spencer Bergthold arranged the financing. [2][3]

The sponsor LBA Realty originally purchased the 125,000-square-foot office asset last year for 42.3 million dollars, according to the Commercial Observer. The latest transaction provides full debt refinancing for the Class A commercial building in the Silicon Valley submarket. [2]

As FTMQ Real Estate reported earlier, commercial transaction activity in Sunnyvale includes Drawbridge Realty buying a fully leased 180,000-square-foot office building at 100 Altair Way for 219 million dollars, or 1,213 dollars per square foot. In another regional deal, a Bluerock affiliate previously acquired a 319,000-square-foot office building at 1133 Innovation Way for 330 million dollars. [6]

In neighbouring residential markets across Santa Clara County, Cupertino remains a key market driven by technology sector employers, The Economic Times reported. Apple is headquartered in Cupertino, where John Ternus became Chief Executive Officer on September 1, 2026, after succeeding Tim Cook. [1]