Alexandria Real Estate Equities, Uber, Golden State Warriors JV Lands $500M for San Francisco HQ

Alexandria Real Estate Equities, Uber Technologies and basketball team Golden State Warriors have secured a $500 million refinancing loan for two office buildings in San Francisco that serve as Uber’s headquarters. The trophy duo encompasses 586,208 square feet in the Mission Bay neighborhood.

Goldman Sachs and Barclays provided the five-year, fixed-rate, single-asset, single-borrower CMBS note in a deal arranged by CBRE. To secure the loan, the joint venture made a down payment of $100 million on the existing debt, a $600 million financing package originated by JPMorgan Chase & Co. in 2020, public records show. Wells Fargo served as trustee.

Alexandria Real Estate Equities (NYSE: ARE)
Joseph Hakman | Co-COO & Chief Strategic Transactions Officer

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