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| Montague @ 880 office/R&D campus, San Jose, CA |
HFF marketed the property on behalf of Equity Office
Properties. An entity owned by funds
managed by Westport Capital Partners LLC purchased the property for an
undisclosed amount free and clear of existing debt.
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| Michael Leggett |
The campus is situated on 11.46 acres and fronts the intersection
of Interstate 880 and Montague Expressway in San Jose. The individual buildings are located at 1060
Rincon Circle, 1010-1020 Rincon Circle and 2216-2220 O’Toole Avenue.
The HFF investment sales team representing the seller was
led by senior managing directors Michael Leggett and Gerry Rohm,
managing director Steven Golubchik, director Dave Karol and real
estate analyst Mark Damiani.
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| Gerry Rohm |
“This property provides investors with a unique, value-add
opportunity to lease-up space and dramatically increase revenue by taking
advantage of a strong and rising Silicon Valley market,” commented
Golubchik.
 |
| Steve Golubchik |
“Each of the buildings range
between 51,000 square feet and 88,000 square feet and may be leased
individually or together, providing a multitude of leasing strategies to
investors.”
Equity Office Properties is one of the largest and most
well-respected commercial real estate firms in the nation, with a portfolio
encompassing 70 million square feet of Class A office space under management in
superior locations throughout the country. For more information, visit www.equityoffice.com.
 |
| Dave Karol |
Westport Capital Partners LLC is an investment firm
specializing in the opportunistic acquisition and management of real estate and
real estate-related securities.
Westport provides domestic and international investment opportunities to
institutional and private clients. Through
its various funds, the firm invests in a wide variety of opportunistic property
and distressed debt situations. The
firm has offices in El Segundo, California and Wilton, Connecticut.
Contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com
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