Milpitas Industrial Property Refinanced for $27.5M

Nearon Enterprises is pleased to announce the successful $27,500,000 financing of a 197,000-square-foot industrial property located at 715–755 Sycamore Drive in Milpitas, California. The loan was secured through Nationwide Life Insurance Company.

Originally acquired by Nearon in 2008, the property is a well-located distribution and R&D facility that plays a strategic role in the Silicon Valley industrial market. The asset is fully leased to a strong tenant roster that includes Cisco, Johnson & Johnson, and Omnicell.

Nearon extends its sincere appreciation to Kimberly Chianese at Nationwide for her partnership and collaboration, and to the CBRE Capital Markets team—Bruce Francis, Shaun Moothart, and Anna Britt—for their exceptional guidance and support throughout the transaction.

This financing reflects Nearon’s ongoing commitment to strengthening its portfolio through long-term, institutional partnerships.