Union Investment, a fund based in Germany, has purchased a Silicon Valley office campus—leased to LinkedIn—for $222M, which translates into about $1,140/SF.
The four-story office building and adjacent parking garage included in the deal are located at 684 West Maude Ave., next door to LinkedIn's Sunnyvale headquarters. Metzler Real Estate, based in Seattle, advised Union in the acquisition.
Union said in a press release that the purchase was made through its Unilmmo: Europa real estate fund. The German company previously acquired a 62K SF office building in nearby Menlo Park.
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