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CAMPBELL, CA-A 355,000-sf class A office complex here is under new ownership. On behalf of the Ohio State Teachers Retirement System, Seagate Properties this month sold 900-910 E. Hamilton Ave. to an investment fund of Foster City, CA-based Legacy Partners for approximately $126 million, sources familiar with the transaction tell GlobeSt.com. The parties involved either declined comment or could not be reached for comment.

Located near the confluence of Hamilton and Bascom avenues in the West Valley submarket, Legacy Hamilton Plaza is comprised of two six-story buildings with underground parking that were completed in 1988. Today, the buildings are approximately 80% occupied.

Legacy has handed the leasing assignment for the property to Santa Clara, CA-based Commercial Property Services (CPS/Corfac International). Steve Pace, who is handling the assignment with Dan Hollingsworth, Bob Simpson and Mary Wadden, tells GlobeSt.com that Legacy is investing additional dollars to make much of the 70,000 sf of availability move-in ready. The vacancy includes the top floor of one of the buildings, which have 29,000-sf floor plates. An asking lease rate has not yet been established, he says.

“Our desire was to wait until [the build out] was completed but the market is not letting us,” Pace says. “We have had quite a lot of activity so we are touring spaces.”

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