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Office Portfolio Gets Boost with Central Tech Park Buy

The addition of Central Technology Park to Gemini Rosemont’s portfolio underscores its investment strategy to acquire class-A office assets in targeted US locations including Silicon Valley, says its CEO.

Central Tech Park Central Technology Park is made up of 368,707 square feet located at 3380-3420 Central Expressway.

SANTA CLARA, CA—The recent $175 million acquisition of Central Technology Park adds 368,707 square feet to Gemini Rosemont Commercial Real Estate’s 36-property office portfolio. The four-building class-A office campus purchase is in line with Gemini Rosemont’s targeted investment strategy, says its CEO.

“The addition of Central Technology Park to our portfolio underscores our ongoing investment strategy to acquire class-A office assets in targeted US locations, which include Silicon Valley,” said Ian Brownlow, chief executive officer for Gemini Rosemont. “The commitment to the area by the world’s technology community coupled with the institutional quality, fully leased multi-building campus, makes Central Technology Park an extremely attractive investment.”

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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