{"id":1004502802,"date":"2021-01-07T04:12:40","date_gmt":"2021-01-07T12:12:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004502802"},"modified":"2025-02-26T02:22:57","modified_gmt":"2025-02-26T10:22:57","slug":"cushman-wakefield-closes-16m-bay-area-office-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-closes-16m-bay-area-office-deal\/","title":{"rendered":"Cushman &#038; Wakefield Closes $16M Bay Area Office Deal"},"content":{"rendered":"<div id=\"attachment_1004502883\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/3960-3980-Fabian-Way.-Rendering-courtesy-of-Cushman-Wakefield.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004502883\" data-attachment-id=\"1004502883\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-closes-16m-bay-area-office-deal\/3960-3980-fabian-way-rendering-courtesy-of-cushman-wakefield\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/3960-3980-Fabian-Way.-Rendering-courtesy-of-Cushman-Wakefield.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Jeffrey Hamann&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1610027398&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"3960-3980 Fabian Way. Rendering courtesy of Cushman &#038; Wakefield\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;3960-3980 Fabian Way. &lt;i&gt;Rendering courtesy of Cushman &#038; Wakefield&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/3960-3980-Fabian-Way.-Rendering-courtesy-of-Cushman-Wakefield.jpg?w=800\" class=\"wp-image-1004502883 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/3960-3980-Fabian-Way.-Rendering-courtesy-of-Cushman-Wakefield.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/3960-3980-Fabian-Way.-Rendering-courtesy-of-Cushman-Wakefield.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/3960-3980-Fabian-Way.-Rendering-courtesy-of-Cushman-Wakefield.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/3960-3980-Fabian-Way.-Rendering-courtesy-of-Cushman-Wakefield.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004502883\" class=\"wp-caption-text\">3960-3980 Fabian Way. <i>Rendering courtesy of Cushman &amp; Wakefield<\/i><\/p><\/div>\n<p>Cushman &amp; Wakefield has brokered the sale of a vacant, two-building office\/R&amp;D property totaling 24,000 square feet in Palo Alto, Calif. &nbsp;Vice Chairman Kalil Jenab, Managing Principal Ben Paul and Financial Analyst Steven Jenab negotiated on behalf of the buyer, Graymark Capital. Managing Director Brad Martin from Stetson Earhart assisted the seller, a private investor.<\/p>\n<p>The asset changed hands for $15.7 million, according to Santa Clara County records. The buyer received a $15 million acquisition loan from ReadyCap Commercial.&nbsp;<\/p>\n<p>Graymark will redevelop the property as part of a multi-million dollar capital improvement plan to reposition the complex to target life sciences users as well as tenants in the auto tech, food tech, robotics and artificial intelligence industries.&nbsp;The company selected the Cushman &amp; Wakefield brokerage team involved in the sale to oversee leasing efforts for the repurposed property.<\/p>\n<p>Located on 1 acre at 3960-3980 Fabian Way, the two single-story buildings were completed in 1959. The property was most recently occupied by a medical device company building a digital surgery platform. The site is a short distance from U.S. Route 101 and 14 miles northwest of downtown San Jose.<\/p>\n<p>The property is less than 4 miles from an 85,420-square-foot building in Stanford Research Park <a href=\"https:\/\/www.commercialsearch.com\/news\/stanford-university-sells-office-asset-for-123m\/\">that traded for $123 million<\/a> in December. Harrison Street purchased the recently delivered asset from Stanford University.<\/p>\n<div><em>If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em><a href=\"https:\/\/www.surveymonkey.com\/r\/BrokersCorner\" target=\"_blank\" rel=\"noopener\"><strong><em>our short form<\/em><\/strong><\/a><em> or send your deal to <\/em><a href=\"mailto:deals@cpe-mhn.com\" target=\"_blank\" rel=\"noopener\"><strong><em>deals@cpe-mhn.com<\/em><\/strong><\/a><em>.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The company\u2019s Kalil Jenab, Ben Paul and Steven Jenab assisted the buyer, Graymark Capital, and will market the Palo Alto, Calif., property following building upgrades.<\/p>\n","protected":false},"author":867,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,21742,21747,36079,15],"tags":[36351,32799,47936,37864],"class_list":["post-1004502802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-latest","category-office","category-san-jose","category-west","tag-capital-improvement","tag-cushman-wakefield","tag-graymark-capital","tag-ready-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cushman &amp; Wakefield Closes $16M Bay Area Office Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-closes-16m-bay-area-office-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cushman &amp; Wakefield Closes $16M Bay Area Office Deal\" \/>\n<meta property=\"og:description\" content=\"The company\u2019s Kalil Jenab, Ben Paul and Steven Jenab assisted the buyer, Graymark Capital, and will market the Palo Alto, Calif., property following building upgrades.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-closes-16m-bay-area-office-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-07T12:12:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T10:22:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cushman-wakefield-closes-16m-bay-area-office-deal\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cushman-wakefield-closes-16m-bay-area-office-deal\\\/\"},\"author\":{\"name\":\"Pavel Cazacu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/caac04e9f88552f7c898ba456c2498d8\"},\"headline\":\"Cushman &#038; 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