Rob Shannon and Joe Kelly of Colliers International representedStandard Industries. George Eckard and Grant Lammersen of Cushman& Wakefield represented TIAA.
In a voicemail message, Shannon tells GlobeSt.com that Standardis a high-net-worth individual holding for long-term appreciation.He could not be reached Thursday for comment on occupancy,availability and lease rates.
"[Standard's] strategy is to buy into recovery markets that webelieve have a number of drivers, such as the Silicon Valley, andto be part of the rising rents," Shannon says.
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