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In the second-largest deal of its kind in the U.S. to date, Jay Paul Co. has obtained $220 million in C-PACE financing for 200 Park Ave., a 965,000-square-foot office building in San Jose, Calif. Nuveen Green Capital provided the financing in a JLL-brokered deal that brought NGC’s total originations volume to more than $3 billion.

The borrower used the funds to recapitalize the building’s sustainability and resiliency measures, as well as refinance existing debt. In October 2021, Jay Paul took out a $350 million construction loan originated by JPMorgan Chase, according to CommercialEdge information.

The 19-story building, the tallest in downtown San Jose, came online last year. The LEED Gold-certified property features floorplates averaging 65,000 square feet, 16 passenger elevators and about 2,900 car parking spaces.