Stadium TechCenter

Four building campus totaling 535,000 sq. ft. in Santa Clara, California; one of the buildings was built speculatively and completed in 2016; during our ownership of existing buildings we upgraded the common areas and project amenities and completed a parking structure; surrounding area improved with completion of Levi’s Stadium and start of nearby residential and retail projects; the three original buildings were fully leased to Dell and Hortonworks and sold to a domestic core fund; the sale of the development project was completed in 2018 to the same buyer.