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Montague Oaks Business Park Shed for $40M

SAN JOSE, CA-Eagle Ridge Partners and CarVal Investors buy the 262,357-square-foot commercial real estate office and R&D business park.

By Natalie Dolce | Updated on July 27, 2011

SAN JOSE, CA-A joint venture between Prudential Real Estate Investors and McCandless Management Corp. has sold Montague Oaks Business Park, an eight-property, 262,357-square-foot office and R&D business park in San Jose, California. Eagle Ridge Partners and CarVal Investors purchased Montague Oaks for $39.5 million.    

Holliday Fenoglio Fowler investment sales team marketed the property on behalf of the seller. The HFF team representing the seller included director Dave Karol and senior managing directors Michael Leggett and Gerry Rohm.

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