Houston Developer Purchases Oakmead West Campus

The Sunnyvale research and development campus of Oakmead West, comprised of  7-buildings, was recently sold to Houston real estate developer Hines. Just weeks after divesting a high-profile office property about 40 miles away in downtown San Francisco, the developer is betting on the long-term prospects for the Sunnyvale commercial real estate market.

Image via CoStar

Hines, based in Houston, purchased the Oakmead West campus, which is located on 22 acres at 920-960 Stewart Drive and 490 and 510 DeGuigne Drive. The campus comprises 431,095 sq ft of research and development space, 96% of which is currently leased.

The amount of the transaction was not disclosed.

Read more at CoStar.

Keystone Commercial Brokerage serves the needs of commercial real estate investors in the Santa Clara and San Mateo counties, specializing in commercial property, multi-unit residential, office space, and multi-use property. Paul Phangureh has over 16 years of experience in buying and selling in the Santa Clara and San Mateo County areas. Contact Paul at 650-924-2544, or email at paul@keystonebrokerage.com

Leave a Comment