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| Sunnyvale Business Center Sunnyvale, CA in Silicon Valley |
SAN FRANCISCO, CA – HFF announced today that it has closed
the sale of Sunnyvale Business Center, a three-building office/R&D
campus totaling 175,000 square feet in Sunnyvale, California.
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| Michael Leggett |
HFF marketed the property on behalf of the seller, Equity
Office Properties. A large
institutional investor purchased the asset for an undisclosed amount.
Sunnyvale Business Center is located on DeGuigne Drive near
the intersection of the Lawrence Expressway and Highway 101 in Sunnyvale.
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| Steven Golubchik |
Situated on 10.33 acres, the campus includes three,
two-story buildings that are 100 percent leased to TeleNav Inc. (NASDAQ:
TNAV).
More than $7.3 million has been
invested to substantially renovate the property, which was originally
constructed in 1990.
The HFF team representing the seller was led by senior
managing director Michael Leggett, managing director Steven Golubchik
and associate director John Simerlein.
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| John Simerlein |
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.
For a complete copy of the company’s news
release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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