Legacy's financial partners in the purchase were Goldman Sachs,CS First Boston and Walton Street Capital. Commercial PropertyServices represented Legacy in the sale, while CB Richard Ellisrepresented Orchard. Financial terms were not disclosed.
"We found that many high-tech companies based (here) werelooking to expand but unable to remain in the area because of theshortage of high-quality R&D and office space," said Legacysenior vice president Allen Palmer in announcing the news."Highlands Corporate Center will offer a tremendous opportunity forcorporate tenants looking for significant amounts of space in theSilicon Valley."
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