SUNNYVALE, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that Principal Real Estate Investors has broken ground at Sunnyvale Business Park. Construction of the class-A office building will take roughly seven months to reach shell completion.
Although sources involved in the development tell GlobeSt.com that they cannot disclose construction costs at this time, the three-story 107,000-square-foot property will become the 10th building in the Sunnyvale Business Park, which is located at Mathilda and Evelyn Avenues. The project, which is being built speculative, is located within one block of the Sunnyvale Caltrain station and downtown Sunnyvale amenities.
The building will feature a steel frame and concrete wall panels. It will be built according to specifications necessary to achieve Leadership in Energy and Environmental Design Gold certification. Legacy Partners is providing development services and serves as the park's property manager.
Dave Sandlin, Susan Gregory, and Kevin Moul with Colliers are the listing agents. Ware Malcomb is project architect and the general contractor is Lusardi Construction.
“Sunnyvale Business Park is a proven location for high quality companies,” explains Jeff Uittenbogaard, senior asset manager at Principal Real Estate Investors. “The park is in an ideal setting, with close proximity to the Caltrain station, downtown Sunnyvale, and main thoroughfares. The new 107,000-square-foot building will be a great addition to the existing 520,000-square-foot park.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
