SUNNYVALE, CA-Tishman Speyer has regained full ownership of the 424,000-square-foot Sunnyvale Office Park after buying out its partner's interest in the property. The company didn't disclose the amount it paid or the name of the partner, but previous reports on GlobeSt.com said that Tishman Speyer owned the complex in partnership with GE Capital. According to those reports, General Electric used pension fund money to by an 87% stake in the asset from Tishman Speyer for approximately $226 million in mid-2007, two years after Tishman paid $174 million for the entire project.

The office park consists of three class A office buildings on 19 acres. It is the world headquarters for Juniper Networks, a provider of high-performance network infrastructure to service providers, enterprises and public sector organizations. Juniper is the sole tenant of the park, with long-term leases stretching another 10 years or more.

Tishman Speyer managing director Carl Shannon said in a prepared statement that the acquisition of its partner's interest ":reflects our high regard for the asset and its sole tenant, along with our confidence in the long-term strength of the Silicon Valley office market.”