Gantry has arranged the acquisition of 10495 North De Anza Blvd, in Cupertino, CA. The property was acquired by HATCO Associates for $33,350,000.

Eric Von Berg, a Principal of Gantry, representing the buyer, arranged the acquisition of this 60,000 SF, 3-story office building currently occupied 100% by Apple Inc.

The seller was an affiliate of Sand Hill Property Company, run by Peter Pau who said: “We appreciate working with Eric and his client, and the discreet and targeted approach. The property was not on the market. Eric came to us with a fair price, and the process went very smoothly. We are sorry to let this go, because we really like Cupertino and the building, and Apple is a great tenant.”

“Eric knew the owner and, through careful structuring, was able to make this purchase a part of a larger 1031 Exchange with a simultaneous closing,” said Fred Thoits, who led the acquisition team for HATCO.

With offices in San Francisco, Sacramento, Seattle, Los Angeles, Irvine, Las Vegas and Phoenix, Gantry is a full service mortgage banking and investment firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. In addition to arranging loans, Gantry is active in loan restructuring assignments through its Debt Advisory Group. Established in November 1991, Gantry is currently staffed by approximately 50 employees in seven regional offices throughout the western United States. The company services over $5 billion with nearly 800 loans. Gantry has been rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking / non-insurance chartered companies with this designation.

For more information on this transaction please contact Eric Von Berg at (415) 956-9922 or Michael Heagerty at (415) 956-9854.