THE CENTRAL SILICON VALLEY INDUSTRIAL PORTFOLIO CHANGES HANDS
SUNNVALE, SANTA CLARA, CALIF. — Invesco Real Estate has acquired the Central Silicon Valley Industrial Portfolio for an undisclosed sum. The portfolio contains four Class A warehouse and manufacturing buildings totaling 312,110 square feet in Sunnyvale and Santa Clara.
The acquisition includes 2940-2990 Mead Ave., 2855-2865 Uranium Drive and 3000-3008 Kifer Road in Santa Clara, as well as 123-127 Uranium Drive in Sunnyvale. The two multi-suite manufacturing buildings and two distribution warehouse buildings are situated on the border of Santa Clara and Sunnyvale. They are located one block from Bowers Avenue near the Lawrence Expressway. All four fully leased buildings have direct access to US Highway 101, the Central Expressway and Interstate 280.
The seller, AEW Capital Management, was represented by CBRE’s Joseph Moriarty, Russell Ingrum, Sean Sullivan, Tyler Meyerdirk, Darla Longo, Barbara Emmons, Rebecca Perlmutter and Brian Matteoni. AEW sold the property on behalf of an institutional client.