Monday, December 2, 2013

HFF closes sale of Silicon Valley office complex in San Jose, CA


Gold Street Technology Center, 2100, 2130, 2150, 2160 and 2190 Gold Street
San Jose, CA

Michael Leggett
SAN FRANCISCO, CA – HFF announced today that it has closed the sale of Gold Street Technology Center, a five-building, 302,600-square-foot office/R&D campus in San Jose, California, which serves as the long-time world headquarters for Tivo, Inc.

                HFF marketed the property on behalf of PNC Realty Investors, Inc., as investment advisor to the AFL-CIO Building Investment Trust.  Embarcadero Capital Partners purchased the complex.

                Gold Street Technology Center is comprised of 2100, 2130, 2150, 2160 and 2190 Gold Street, all situated along Highway 237 at the convergence of Sunnyvale, Santa Clara and San Jose in Silicon Valley. 

Steve Golubchik
The property has easy access to Interstates 880, 680 and U.S. Highway 101 and is served by the VTA Light Rail and bus lines providing access to the ACE commuter train, Caltrain commuter train and Amtrak rail lines. 

Built between 1999 and 2000, Gold Street Technology Center is 80 percent leased to four tenants: Tivo, Inc., eSilicon Corporation, Minerva Networks and PiCoral. 

The HFF investment sales team representing the seller was led by senior managing director and co-head of HFF’s national office investment sales platform Michael Leggett, managing director Steven Golubchik, and director John Simerlein.

John Simerlein
Embarcadero Capital Partners is a real estate investment and management firm based on the San Francisco peninsula.  The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture.

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
tel (main) 617-338-0990 | (direct) 617-338-1572 | cel 617.543.4873 | www.hfflp.com


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