LIM Buys Fully Leased Office for $32M

SUNNYVALE, CA-LaSalle Investment Management acquires the 80,000-sf class A building here from South Bay Development and McMorgan & Co.

By Brian K. Miller | July 12, 2007 at 07:05 PM

The building is 100% leased to several tenants. In May, Paris-based multinational software developer ILOG agreed to move its headquarters to the building. Another tenant is Transera Communications, a provider of on-demand call center solutions.

Michel Seifer and Rob Hielscher of Jones Lang LaSalle Capital Markets and Scott Mathisen of Jones Lang LaSalle's Silicon Valley office represented the seller, a joint venture of locally based South Bay Development and pension fund advisor McMorgan & Co.

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