News

SEATTLE, January 27, 2006 –Meriwether Partners in partnership with Fred Hines, Jr. has acquired the 34,000 square foot SMI Building located in Milpitas, California. Meriwether Partners arranged the $7,800,000 acquisition and also placed a $4,800,000 acquisition loan through GE Commercial Finance.

The SMI Building is a one-story office and high-tech manufacturing facility. The property was built in 1982 and substantially renovated by the present occupant, Silicon Microstructures Inc (SMI), in 2002/03. The SMI Building was purchased as a long-term sale/leaseback.