SANTA CLARA, CA-In the latest episode of an aggressive buying office spree throughout California, DivcoWest has acquired a portfolio of five low-rise buildings in this Silicon Valley city. Known as the Walsh @ Bowers portfolio, the 251,000-square-foot portfolio is located on Walsh and Bowers Avenues in Santa Clara.

The seller was RREEF Funds, which was represented in sale negotiations by Eric Fox of Cassidy & Turley’s Santa Clara office. Deal terms were not disclosed, although office space (in smaller buildings) in Silicon Valley have recently traded in the $150-$200 range per square foot.

The location of all five properties near State Highway 101 was a key selling point, according to a statement by DivcoWest chief executive Stuart Shiff. Additionally, the variety in building sizes allows the new owner to market the buildings to a wide array of potential tenants, including start-ups, light manufacturing operations to corporate users.