FOR IMMEDIATE RELEASE
Contact: Vincent Aviani / Chris Egger
Macy + Associates
(415) 954-8550
vaviani@macyinc.com
BUCHANAN STREET PARTNERS FORMS JOINT VENTURE WITH STEPHENS & STEPHENS TO ACQUIRE NORTH SAN JOSE TECHNOLOGY PARK
Buchanan Street Partners provides $4.5 million in principal equity and completes full-service real estate investment bank cycle by securing a $16.7 million bridge loan to close the acquisition of 142,700 square feet of R&D portfolio
San Jose, CA (January 9, 2006) - Buchanan Street Partners, a full-service real estate
investment bank, recently provided both equity and debt services to well-known real estate investment
firm Stephens & Stephens for the acquisition of the North San Jose Technology Park, a 142,700 square
foot R&D portfolio located in San Jose, Ca.
Buchanan Street Partners provided $4.5 million in principal equity as part of the joint venture
arrangement while a San Francisco-based debt and structure finance team led by Buchanan Street
Partner's John Manning, vice president, secured the $16.7 million non-recourse bridge loan from
Merrill Lynch Mortgage Capital necessary to close the transaction. The transaction is the second
structured finance deal completed by Buchanan Street Partners for Stephens & Stephens.
"Since our founding, Buchanan Street Partners has forged a unique business model in the real estate
banking industry that emphasizes both equity-driven and debt and structured finance relationships.
This investment is a great example of this philosophy," said Robert Brunswick, president and CEO
of Buchanan Street Partners. "By providing both $6.5 million in principal equity and advising on
the $16.7 million debt and structured finance portion of the deal, we were able to showcase our
unique and valuable business model to a highly respected real estate investor."
The North San Jose Technology Park acquisition includes two R&D buildings located at 4405 and 4425
Fortran Court in San Jose, Ca. The project is currently 100 percent leased to Applied Materials
and Marshall and Isley Bank. The project has excellent access to Highway 237, which links the East
Bay with the Peninsula in the heart of Silicon Valley.
"Buchanan Street Partners is pleased to form a joint venture with Stephens & Stephens in order to
acquire the North San Jose Technology Park," said James Ebert, senior vice president with Buchanan
Street Partners. "The project is 100 percent leased by two excellent credit tenants with two and
three years of lease term remaining. The project is also well-positioned to capture significant
future leasing opportunities with its excellent location and functional floor plates."
Buchanan Street Partners' total equity investments from discretionary funds for 2005 is on target
to capitalize commercial property investments valued at more than $800 million in total considerations,
located in markets across the United States. Buchanan Street Partners success is based on building
strategic relationships with local operators, like Stephens & Stephens, who understand their local
markets and have the knowledge to ensure the success of their ventures.
Since founding the company in 1999, Buchanan Street Partners has completed more than $7 billion in
commercial real estate investments and finance transactions as a principal investor or client advisor.
The company built its reputation as one of the top real estate investment banking operations focusing
on the markets of the Western United States. In 2005, the company expanded its capabilities to serve
the national marketplace, primarily in its principal investment capacity and self-storage finance
specialty. The Buchanan Street Partners' hallmark is a uniquely entrepreneurial spirit and operating
platform, fashioned by experienced, ethical and passionate individuals working within a supportive
team structure and corporate environment.
About Buchanan Street Partners…
Buchanan Street Partners is a real estate investment bank that
provides real estate capital for owners and developers. The firm makes principal equity investments
for real estate in a discretionary capacity, arranges debt and structured finance, is an investment
manager to institutional and private investors, offers investment sale brokerage services, and has
a specialty in self-storage finance. Buchanan Street Partners operates from offices in Newport Beach,
Los Angeles, San Francisco, Chicago and Atlanta.
