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CBRE, which brokered the transaction, reports the 75,000-square-foot medical office building was sold by the Eye Institute of New Jersey to a private investor.
According to one panelist who will speak at the upcoming CREW Network Convention, three opportunities include: big data and artificial intelligence; sustainability as a driver of innovation; and tenant experience.
The mixed-use building at 147 E. Santa Clara St., dubbed The Icon, will be aimed at residents seeking a blend of the urban environment offered by Silicon Valley while providing access to public transportation options.
The $47.5 million property was bought by Deka’s open-ended and dollar-denominated North America Fund, and marks its third US acquisition during the past nine months and first in Oregon.
The largest transaction was with wireless site development firm Network Building & Consulting, LLC, which agreed to add 10,491 square feet to its space at Keystone’s VEVA, a 417 420,546 square-foot office campus in Blue Bell, PA.