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May 21, 2019
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Hines Acquires 431k sf Biz Campus in Sunnyvale

3/04/19

Hines has acquired Oakmead West, a seven-building, multi-tenant campus in Sunnyvale. The price was not disclosed.

Completed in 1998, the seven Class A office/R&D buildings total 431k sf and are situated on 21.62 acres at 920, 935, 940, 945, and 960 Stewart Drive, and 490 and 510 DeGuigne Drive. The property is located three blocks from the Lawrence Expressway, which provides direct access to Highway 101, Interstate 280, Interstate 237 and Highway 85. Oakmead West is also one mile from downtown Sunnyvale and the Downtown Sunnyvale Caltrain Station.

Oakmead West will undergo capital improvements including tenant interiors, landscaping, signage & wayfinding, and exterior collaboration areas. This investment will further activate the campus to create a sense of community for the tenants. Oakmead West is currently 96% leased to a diverse tenant roster, which includes Trimble Navigation, ShoreTel and AbbVie.

Hines Director Shawn Hardy noted, “Oakmead West is an exceptional opportunity to acquire and control a critical mass of multi-tenant office/R&D product on over 20 acres in Sunnyvale.”





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