$21M acquisition financing secured for San Jose office and R&D campus

SAN FRANCISCO, Aug. 20, 2025 – JLL Capital Markets announced today it has arranged $21 million in acquisition financing for Synaptics Headquarters, a 111,281-square-foot office and R&D campus in San Jose, California.

JLL worked on behalf of the borrower, FH One, to secure the three-year, fixed-rate acquisition loan through Axonic Capital.

“This 111,000-square-foot property represents the kind of opportunity we look for — a quality asset at an attractive valuation with good risk adjusted returns given the long-term lease with Synaptics,” said Daria Hosseinyoun, President at FH One. “JLL played an instrumental role in securing attractive debt at a good LTV. The team was highly capable of executing a complex transaction and helping us every step of the way.”

Renovated in 2023, the property consists of two buildings, with 70% office, 20% lab and 10% data center space that is fully leased to Synaptics as their global headquarters. The campus is mission-critical to Synaptics’ business, providing a heavily improved R&D lab facility for the continuation of its product development, which focuses on developing advanced technologies in human-machine interface solutions, including touch, display, biometrics, voice, video, vision, AI, audio and connectivity products.

Synaptics Headquarters is located at 1109 and 1151 MacKay Dr. in the heart of Silicon Valley, surrounded by many of the world’s leading technology and innovation companies. It has excellent transportation access, positioned between Highways 880 and 680 and is close to the San Jose Mineta International Airport. Additionally, Synaptics Headquarters is close to executive and employee housing as well as numerous retail, dining and entertainment offerings.

“We were thrilled to work with JLL and FH One to move quickly and deliver flexible capital that met the borrower’s needs,” added Tyler Kimball, Managing Director at Axonic Capital. “Axonic was able to structure a creative solution supporting the acquisition of this premier headquarters asset in Silicon Valley."

JLL’s Capital Markets Debt Advisory team representing the borrower was led by Director Spencer Bergthold and Senior Director Megan Woodring.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

FH One, Inc. is a real estate investment and management firm with experience in commercial real estate and rental markets. To learn more, please visit: fhoneinvestments.com.

Founded in 2010, Axonic Capital is a New York–based investment manager with approximately $6.5 billion in assets under management. The firm has deep expertise in commercial real estate debt and equity, providing financing solutions across all major asset classes throughout the United States, with a primary focus on the multifamily sector. Axonic’s flexible capital base includes private limited partnerships, separate accounts, insurance company mandates, and publicly listed fund structures. To learn more, please visit: axoniccap.com.