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Silicon Valley Office/R&D Campus Trades in $104 Mil Deal

11/03/20

Lane Partners has purchased the Fujitsu Campus, a six-building, 313.7k sf office and R&D campus in Sunnyvale, for $104 mil, or $332/sf.

The Fujitsu Campus consists of one- and two-story buildings on over 26 acres at 1230, 1240, 1250, 1260, 1270 and 1280 East Arques Ave. The campus is immediately adjacent to the Central Expressway and close to US-101 and the Lawrence Caltrain Station, providing tenants with connectivity throughout Silicon Valley and the Bay Area. Additionally, the property is next to The Lawrence Station Area Plan, which encompasses 629 acres of development to include thousands of new housing units, retail amenities and outdoor recreational areas.

Serving as Fujitsu’s headquarters since completion in 1974, the campus offers a rare repositioning opportunity as Fujitsu phases out of the campus and relocates to their owned facility nearby, at 350 Cobalt Way.

JLL’s Capital Markets and Markets team members representing the seller included
Will Connors, Daniel Renz, Michael Manas, Bart Lammersen, Kyle Caldwell and Toss Vallentine with JLL Capital Markets represented the seller, WJFS. Jordan Angel, also with JLL, is working with the buyer to secure acquisition financing on the asset.

“The redevelopment potential of this campus is unmatched in the immediate area,” Connors said. “Silicon Valley continues to see economic growth fueled by consumer appetite for social and mobile products as well as ‘cloud-based’ services, which translates to a positive outlook for the area with projected GDP growth in Silicon Valley expected to reach over 10% in 2021.”




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