SUNNYVALE, CA-The receiver for the 36-acre Sunnyvale Town Center mixed-use development in downtown Sunnyvale has filed a motion with the Santa Clara County Superior Court for an order granting the receiver authority to market the receivership property for a streamlined process to approve a final sales contract.

Jerry Hunt of Danville, CA-based Quattro Realty Group, who was appointed as the receiver overseeing Sunnyvale Town Center in October 2009, filed the motion with the court as an initial step in the marketing process for the properties. “Sunnyvale Town Center is no longer a distressed asset,” says Hunt in a prepared statement. “Over the past year, there has been significant progress in removing uncertainties and creating value. Sunnyvale Town Center has tremendous fundamentals and when available, it will be one of the premiere commercial real estate offerings on the market nationally.”

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