MILPITAS, CA—Sycamore Technology Park was constructed in 1983 with a total space of approximately 213,519 square feet and is currently 84% leased to two different tenants. The buildings are located at 475, 501 and 525 Sycamore Dr.
Vertical Ventures LLC recently closed on the acquisition of the three-building office/R&D campus for $45.5 million. The seller was a local Bay Area-based investor who had owned the project since 2016.
Vertical Ventures plans to invest additional capital into the project including market-ready renovations to currently unoccupied tenant spaces.
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© 2024 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.
