CBRE announced it arranged $67.4 million in financing for Forge North First, a mixed-phase industrial/R&D campus and advanced manufacturing development in San Jose’s Golden Triangle submarket. Mike Walker, Brad Zampa, and Andy Gross of CBRE’s Debt & Structured Finance team in San Francisco arranged the five-year bridge loan with floating-rate, non-recourse financing from an institutional lender on behalf of Four Corners Properties and a West Coast-based institutional investor.
“The combination of surging occupier demand and extremely limited supply positions Four Corners to create significant value at Forge North First,” said Zampa.
Four Corners, an established local investor and developer founded in 2005, has invested in 50 buildings totaling 7.2 million square feet. In January 2026, Four Corners and its institutional partner acquired the existing 205,800-square-foot, five-building campus from BXP.
The mixed-phase program includes comprehensive modernization of the existing campus and development of two advanced manufacturing buildings totaling approximately 239,000 square feet.
