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| The Fujitsu Campus, a six-building, office and R&D campus totaling 313,740 square feet in Sunnyvale, CA |
SAN FRANCISCO, CA – JLL announced it has closed the $104 million sale of The Fujitsu Campus, a six-building, office and R&D campus totaling 313,740 square feet in Sunnyvale, California.
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| Will Connors |
The Fujitsu Campus consists of one- and two-story buildings at 1230, 1240, 1250, 1260, 1270 and 1280 East Arques Avenue.
Positioned on 26.27 acres, the campus is immediately adjacent to the Central Expressway and close to US-101 and the Lawrence Caltrain Station providing tenants with connectivity throughout Silicon Valley and the Bay Area.
Additionally, the property is next to The Lawrence Station Area Plan, which encompasses 629 acres of development to include thousands of new housing units, retail amenities and outdoor recreational areas.
Serving as Fujitsu’s headquarters since completion in 1974, the campus offers a rare repositioning opportunity as Fujitsu phases out of the campus and relocates to their owned facility at 350 Cobalt Way.
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| Daniel Renz |
JLL’s Capital Markets and Markets team members representing the seller included Will Connors, Daniel Renz, Michael Manas, Bart Lammersen, Kyle Caldwell and Toss Vallentine.
The JLL Debt team lead by Jordan Angel is working with the sponsor to secure acquisition financing on the asset.
“The redevelopment potential of this campus is unmatched in the immediate area,” Connors said.
“Silicon Valley continues to see economic growth fueled by consumer appetite for social and mobile products as well as ‘cloud-based’ services, which translates to a positive outlook for the area with projected GDP growth in Silicon Valley expected to reach over 10% in 2021.”
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| Michael Manas |
Lane Partners specializes in transforming institutional quality real estate in Northern California.
The company restructures and repositions, with the imagination to bring new access and new value.
Through smart acquisition, development and management, Lane Partners has turned over five million square feet of Silicon Valley into properties that perform.
Since 2006, Lane Partners has been the local force that makes global waves.
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| Bart Lammersen |
About JLL
JLL
(NYSE: JLL) is a leading professional services firm that specializes in real
estate and investment management.
JLL
shapes the future of real estate for a better world by using the most advanced
technology to create rewarding opportunities, amazing spaces and sustainable
real estate solutions for our clients, our people and our communities.
JLL
is a Fortune 500 company with annual revenue of $18.0 billion, operations in
over 80 countries and a global workforce of over 92,000 as of September 30,
2020.
JLL
is the brand name, and a registered trademark, of Jones Lang LaSalle
Incorporated. For further information, please visit jll.com.
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| Kyle Caldwell |
Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.
Contact:
Kristen
Murphy
JLL
Senior Manager
Public
Relations
Phone: +1
617 848 1572
