SANTA CLARA, CA-Behringer Harvard Opportunity REIT I is under contract to acquire a three-building, 456,000-sf development here for $70 million, according to an SEC filing. The sellers are Sobrato Development Co. and Real Estate Trust at Community Foundation Silicon Valley, which received one of the buildings from Sobrato as a donation.

The filing did not identify the buildings or the tenants and Behringer Harvard declined to comment. Local industry sources tell the buildings sit on 22.8 acres at the corner of Central Expressway and Lafayette Street.

The buildings–two, two-story structures and one, one-level structure, each about 150,000 sf–were developed in the late 1970s. Hitachi Data Systems occupies at two of the buildings. Applied Materials previously occupied the third building.

Behringer Harvard was scheduled to make a $3-million earnest payment on or about March 29, according to the SEC filing. The expected closing date was not mentioned.

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