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| 225 West Clara office building, Downtown San Jose, CA |
 |
| Steven Golubchik |
HFF
marketed the property on behalf of the seller, Equity Office Properties and
procured the buyer, a partnership between Principal Real Estate Investors and
Harvest Properties.
Completed in 2001, 225 West
Santa Clara is 95 percent leased to tenants including Deloitte, Morgan Stanley,
Wells Fargo and MetLife.
On-site
amenities include a five-level parking structure, a restaurant, and a
bank. 225 West Santa Clara is adjacent
to the extremely popular San Pedro Square and within walking distance to
numerous restaurants and retail shops, public transportation including
Caltrain, and the SAP Center (formerly HP Pavilion).
 |
| Michael Leggett |
The property’s location also provides
immediate access to Highway 87 with connections to Interstates 280, 680, 880,
as well as US 101, and is a five-minute drive to San Jose’s Norman S. Mineta
International Airport.
The HFF
investment sales team representing the seller was led by managing director Steven
Golubchik, senior managing director and co-head of HFF’s national office
investment sales platform Michael Leggett, senior managing director Gerry
Rohm and director John Simerlein.
 |
| Gerry Rohm |
“225 West Santa Clara is ideally positioned to take
advantage of the growing demand for Class A, transit-oriented office space in
downtown San Jose, as the surrounding areas in Silicon Valley continue to see
rising rental rates and limited options for available high quality office
space,” said Golubchik.
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.
 |
| John Simerlein |
Principal
Real Estate Investors manages or sub-advises $47.8 billion in commercial real
estate assets[1]. The firm’s real
estate capabilities include both public and private equity and debt investment
alternatives. Principal Real Estate
Investors is the dedicated real estate group of Principal Global Investors, a
diversified asset management organization and a member of the Principal
Financial Group®.
Harvest
Properties is a commercial real estate investment firm that specializes in the
acquisition, development, management, and financing of commercial property;
primarily through joint-venture investments in Northern California. Harvest Properties is headquartered in
Emeryville, California, with five regional offices in the San Francisco Bay
Area.
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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