SUNNYVALE, CA—Rockwood Capital and Four Corners Properties have acquired 215 Moffett Park Drive in Sunnyvale from Applied Micro Circuits Corporation for $40.8 million.

The 155,000 square foot office property is centrally located with prominent signage along the CA-237 freeway. The Rockwood and Four Corners joint venture plans to reposition the property to create a class “A” office complex. The two-story building, with 77,500 square foot floor plates and concrete ceilings and floors, can accommodate large tenants that increasingly want open floor plans for social and collaboration space. The property also boasts 17 foot high ceilings, an impressive 35 foot tall lobby, and expansion potential for tenants.

Jason Oberman, director at Rockwood, said, “This property exemplifies Rockwood's investment strategy of acquiring unique assets in evolving innovation centers. 215 Moffett Park Drive sits in the center of one of the most dynamic regions in the world and is surrounded by pioneering companies as well as the NASA Ames Research Center.”