SANTA CLARA, CA—Drawbridge Realty Trust hasacquired 4600 Patrick Henry Drive in Santa Clara.The single-story office and R&D building is on 3.21 acres andtotals 50,138 square feet. Drawbridge acquired the property in anoff market transaction for $13 million.

The building, located on the west side of Patrick Henry Drivesouth of Tasman, is 100% leased to NationalInstruments. National Instruments has signed a long-termlease for 100% of the property and has consolidated three smallerSilicon Valley offices into this location. Theproperty was built in 1977 and recently underwent an extensiverenovation prior to National Instruments' occupancy. The majorityof the building is built out as office and a small portion iscomprised of R&D space.

“We are pleased to be acquiring such a well located propertyleased to an excellent tenant,” said Mark Whiting,CEO of Drawbridge Realty Trust. “National Instruments is making along term commitment to this location.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.