Oakmead West Campus Sold to Houston Developer
The 7-building research and development campus of Oakmead West, located in Sunnyvale, was recently purchased by Houston real estate developer Hines. The developer is betting on the long-term prospects for the market just weeks after divesting a high-profile office property about 40 miles away in downtown San Francisco.
Hines, based in Houston, purchased the Oakmead West campus, which is located at 920-960 Stewart Drive and 490 and 510 DeGuigne Drive. The property sits on on nearly 22 acres, and the campus comprises 431,095 sq ft of research and development space.
The amount of the sale was undisclosed. The campus is 96% leased.
Keystone Commercial Brokerage serves the needs of commercial real estate investors in the Santa Clara and San Mateo counties, specializing in commercial property, multi-unit residential, office space, and multi-use property. Paul Phangureh has over 16 years of experience in buying and selling in the Santa Clara and San Mateo County areas. Contact Paul at 650-924-2544, or email at [email protected]
