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Drawbridge Acquires Silicon Valley Office Building for $18M

SANTA CLARA, CA—Drawbridge Realty Trust has acquired 3201 Scott Boulevard in Santa Clara, a premier Silicon Valley property. Seller was Menlo Equities, LLC.

By David Phillips | Updated on January 23, 2013

 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.”

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