SANTA CLARA, CA-HFF has closed the sale of Marriott Business Park, an office/R&D business park totaling 427,500 square feet.
HFF marketed the property on behalf of the seller, a joint venture between two global investment managers. Legacy Partners, in joint venture with AllianceBernstein U.S. Real Estate Partners, purchased the property for an undisclosed amount.
Marriott Business Park was the second property of a two-property portfolio listed by HFF on behalf of the seller, containing a total of 892,500 square feet. The first property, Park Square, closed last month in a transaction to The Irvine Company.
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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.
