X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ALTOS, CA-Sand Hill Property Co. of San Mateo has sold 4440 El Camino Real, a 96,652-sf, three-story office building here, for $44 million. The building is net leased through 2010 to the publicly held technology company Rambus Inc., which uses the building as its headquarters. The new owner is a private REIT of Behringer Harvard, a Dallas-based commercial real estate company making its first acquisition in the Bay Area.

Located between San Francisco and the Silicon Valley, the asset was constructed in 2000 on 1.6 acres that includes both surface parking and a two-story underground parking garage. Management of the property has been awarded to Trammell Crow Co.

The building was acquired for Behringer Harvard REIT I Inc. The entity has 31 assets in 13 states and the District of Columbia. Behringer Harvard SVP Jason Mattox did not return a phone call seeking additional comment. Erik Doyle, Steven Hermann and Robert Gilley of CB Richard Ellis brokered the transaction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.