CAMPBELL, CA—A 27-acre property here, that was developed in 1971, is coming to market for the first time since 1999.
Equity Office is marketing the the Pruneyard, a mixed use property, which includes 253,000 square feet of retail, 365,000 square feet of office and a 171-room hotel.
The Silicon Valley Business Journal says the deal is likely to be one of the most closely-watched transactions of the year.
A marketing brochure from Eastdil Secured, which is handling the Pruneyard sale, highlighted "an irreplaceable mixed-use project in close proximity to some of the Silicon Valley's most affluent neighborhoods including Los Gatos, Saratoga, Monte Sereno, Cupertino and Los Altos."
The property features an 18-story office tower, and at one time the success of it's retail component was seen as a double-edged success as it drew businesses away from the Campbell's downtown.
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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.
