Legacy's financial partners in the purchase were Goldman Sachs, CS First Boston and Walton Street Capital. Commercial Property Services represented Legacy in the sale, while CB Richard Ellis represented Orchard. Financial terms were not disclosed.
"We found that many high-tech companies based (here) were looking to expand but unable to remain in the area because of the shortage of high-quality R&D and office space," said Legacy senior vice president Allen Palmer in announcing the news. "Highlands Corporate Center will offer a tremendous opportunity for corporate tenants looking for significant amounts of space in the Silicon Valley."
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