5301 Patrick Henry Drive
Santa Clara, CA
December 2014 - May 2016
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Property Type
Office / R&D
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Deal Type
Equity
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Deal Size
117,500 sq. ft.
- Off-market acquisition of a vacant office building and R&D campus, offering the opportunity to redevelop the property into the type of creative office that is in high demand in Silicon Valley
- Acquired an interest in the property alongside two joint venture partners at attractive pricing relative to replacement cost
- Completed lease with investment-grade tenant for 100% of the property, reducing the need to redevelop the property and saving approximately $12.0 million in development costs
