Thomas R. Owens, CEO of Sagamore Realty Group, tols GlobeSt.comthat planting a flag in Silicon Valley is very important to hisfirm and its equity partners. "We believe in the Silicon Valleymarket," Owens said. "It is strong, we believe it will continue tobe strong and that the properties will provide good cash flow."
By Silicon Valley standards, Sagamore acquired the complex for agood price: $217 a square foot, according to Owens.
The property is composed of three, two-story buildings at 5200Great America Parkway and 2903/2933 Bunker Hill Lane, on the cornerdirectly across from the Santa Clara Convention Center, TechMartand the Westin Hotel. The buildings are currently 100% leased.Approximately 500 people work in the complex.
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