Murphy Crossing is an office/R&D campus located at 1001-1033 McCarthy Blvd. and 915-933 Murphy Ranch Rd.
MILPITAS, CA—Nearly 100% of scalable projects in Sunnyvale and Mountain View have been sold to users or encumbered by long-term leases, says Chris Moritz, senior managing director with Newmark Knight Frank. In response, he says potential tenants are now forced to look for options with space to grow in neighboring markets, placing Murphy Crossing in one of the most in-demand locations.
This type of tenant activity in Milpitas is also affecting investor demand. Namely, a loan of $84.5 million was recently secured for the acquisition of the five-building office/research and development campus located at 1001-1033 McCarthy Blvd. and 915-933 Murphy Ranch Rd. The $130 million acquisition involved a joint venture between Soma Capital Partners and Timbercreek Asset Management.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
