A group of investors headed by New York-based DRA Advisors has purchased a portfolio of buildings in Silicon Valley in a deal totaling $222M with affiliates of Blackstone.
The portfolio, a mix of office, commercial and industrial properties, includes two buildings in San Jose, four buildings in Santa Clara and four buildings in Milpitas, according to a report in the San Jose Mercury News.
In Milpitas, the DRA-led group paid $75M to buy four buildings encompassing a total of 302K SF at 901, 1001, 1123 and 1151 Cadillac Court.
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.
