SANTA CLARA, CA–A two-story, 80,878-square-foot office/R&D building located at 3003 Bunker Hill Lane was acquired by affiliates of Equus Capital Partners Ltd., a private equity real estate fund manager. The seller was a joint venture between TMG Partners and Alcion Ventures LP, a Boston-based real estate private equity firm. TMG and Alcion were represented in the transaction by the Eastdil Secured team out of the San Jose office. 

Built in 1980 and situated on 5.6 acres, the property was extensively renovated in 2014, and was 100% leased to two tenants at the time of closing. In 2014, TMG leased 90% of the project to Jasper Technologies Inc., a market leader in cloud-based platforms, which uses the building as its global headquarters. Jasper will be expanding into the balance of the building in 2016, upon the vacating of the space by another tenant.

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