Union Investment, a fund based in Germany, has purchased a Silicon Valley office campus—leased to LinkedIn—for $222M, which translates into about $1,140/SF.
The four-story office building and adjacent parking garage included in the deal are located at 684 West Maude Ave., next door to LinkedIn's Sunnyvale headquarters. Metzler Real Estate, based in Seattle, advised Union in the acquisition.
Union said in a press release that the purchase was made through its Unilmmo: Europa real estate fund. The German company previously acquired a 62K SF office building in nearby Menlo Park.
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
*May exclude premium content
Already have an account?
Sign In Now
© 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.
