SAN JOSE, CA—Cohen Financial has secured more than $14 million in financing for the owner of the Echelon Corp.’s headquarters here.
The two three-story office buildings at 550 Meridian Avenue are fully leased by Echelon. Paul Schroeder, a managing director in Cohen’s San Francisco office, secured the fixed-rate, long-term, non-recourse financing. The lender is Sun Life Financial.
“The real estate fundamentals, strong location and burgeoning high-technology market in Silicon Valley were all attractive factors for Sun Life,” says Schroeder in a statement. “The property is located in the immediate proximity to the light rail station and surrounding residential and mixed use development will continue to transform the area.”