SAN JOSE and Sunnyvale, CA—CBRE has completed sale of Corporate Technology Centre, an eight-building Class A office/R&D campus totaling 615,233 square feet, and a separate sale in Sunnyvale of the seven-building Oakmead West complex, which amounts to 431.490 square feet.
At Coporate Tech Centre, CBRE represented seller, Equity Office. The asset was purchased by KBS Realty Advisors for an undisclosed price and was 100% leased at the time of the sale with tenants including Ericsson, AT&T and Dell.
In Sunnyvale, the two-story Oakmead West buildings were 97% leased at the time of the sale and purchased by Deutsche Asset & Wealth Management for an undisclosed price. CBRE's Northern California Institutional Group led by Joe Moriarty represented the sellers, in both transactions.
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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.
