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303 Bryant Street, Mountain View, CA |
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| Michael Leggett |
SAN FRANCISCO, CA – HFF announced today that it has closed
the sale of 303 Bryant Street, a Class A office property totaling 55,956
square feet in Mountain View, California.
HFF marketed the property on behalf of the seller. Menlo Equities purchased the property for
$40 million. The transaction also
included the assumption of an in-place loan.
Built in 2002, the three-story building is 100 percent
leased to Speck Products and includes a subterranean parking structure. The building is located in downtown Mountain
View in close proximity to the Caltrain and light rail station and provides
access to U.S. Highway 101, Interstate 280 and Routes 85 and 237.
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| Gerry Rohm |
The HFF investment sales team representing the seller was
led by senior managing directors Michael Leggett and Gerry Rohm
and director Dave Karol.
Founded in 1994 by Henry Bullock and Rick Holmstrom and
headquartered in Palo Alto, California, Menlo Equities is a vertically integrated
commercial real estate company engaged in the acquisition, development and
operation of properties in select technology markets in the western United
States.
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| Dave Karol |
Since its founding, Menlo Equities has acquired or developed
more than 80 properties for a total cost of approximately $2.2 billion, and has
developed and built more than 3.2 million square feet of high-profile office,
R&D and engineering commercial real estate.
For a complete copy of the company’s news release, please
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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