The building at 1521 California Circle is leased to PatniComputer Systems Inc. The building at 1533 California Circle isleased to Harris Stratex Networks Inc., which subleases some of thespace to other tenants.
The new owner is a joint venture of San Diego-based WestcoreProperties LLC and Denver-based Dividend Capital Realty Trust. Theseller was Grifcar Partners.
"This acquisition was particularly appealing because of thefive-year cash yields due to over-market rent," says Neil Johnson,Westcore Properties' Northern California acquisitions director.
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