LOS GATOS, CA—WealthCap has acquired two newly constructed class-A buildings, representing its second investment in Silicon Valley within the last 12 months. The office campus is located at 121 and 131 Albright Way at the intersection of Route 85 and Winchester Blvd. in a high-barriers-to-entry submarket. The two low-rise, steel-framed office buildings comprise a total of 260,979 square feet and are both 100% net leased to Netflix Inc. for its future global headquarters.

Peter DiCorpo, president of CBRE Global Investors' US managed accounts group, tells Globest.com: “Silicon Valley is a dynamic market and this transaction enables us to help WealthCap further pursue their 'innovation district strategy' targeting properties in US growth centers. With real estate experts around the globe, including on-the-ground experts in a client's target investment markets, as well as in their home country who can facilitate communications, we are well-positioned to help clients like WealthCap migrate capital across borders in a seamless solution.”

This investment is part of a separate account mandate in which CBRE Global Investors is advising the German-based real assets investment leader on US commercial real estate investments. It also includes an interest in the surrounding 15-acre campus, including 664 surface parking spaces and shared use of a 930-space structured parking garage.