SANTA CLARA, CA—Drawbridge Realty Trust has acquired 3201 Scott Boulevard in Santa Clara. The premier Silicon Valley property was acquired for $18 million. The 66,106 square foot two-story office building is leased to Advantest America. The seller was Menlo Equities, LLC, and no brokers were involved in the off market transaction.
“The Scott Boulevard property was attractive due to its excellent location and the steady cash flow produced by a high quality tenant,” said Mark Whiting, CEO of Drawbridge Realty Trust. “We look forward to finding more diamonds in the rough to add to our portfolio in the coming months as opportunities arise.”
With this recent acquisition, Drawbridge owns and manages a portfolio of 1.8 million square feet throughout the western United States. The recent purchases come after the firm received a $150 million capital investment from Almanac Realty Investors last September.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
