CUPERTINO, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that Deutsche Asset & Wealth Management has acquired Results Way Corporate Center, on behalf of one of its international clients.
Results Way Corporate Center is a 383,000-square-foot office campus located in Cupertino, CA. The 10-building campus has been fully renovated within the last two years. Recent improvements have been certified LEED Silver.
Although Deutsche Asset & Wealth Management declined to comment on GlobeSt.com inquiries regarding details behind the purchase, we learned that the property is fully leased to Apple and that the seller was Embarcadero Capital Partners LLC. In 2011, as GlobeSt.com reported, Apple inked a deal to lease 373,000 square feet of office space in the old Measurex campus. The office complex could accommodate nearly 1,300 people.
“We are pleased to acquire Results Way which will provide attractive cash returns to our clients. Cupertino is a dynamic market and recent improvements have transformed Results Way into a modern, state-of-the-art creative campus that should meet the tenant's needs over the long term," says Todd Henderson, head of real estate for Americas at Deutsche Asset & Wealth Management.
We will update this story as we learn more.
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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.
