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2/25/15
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Blue Coat Systems Inc, an online security company, has leased the entire Oakmead Tower project in Sunnyvale. Oakmead Tower is a recently completed, four-story, 104.5k sf office building.
Located at 384 Santa Trinita Ave, just off Lawrence Expwy and E. Arques Ave, the property is owned by Principal Real Estate Investors and was developed by TMG Partners. The Class A building is certified LEED Gold.
The transaction falls in line with the ongoing trend of users absorbing well located, new Class A buildings across the region. Oakmead Tower is positioned among many thriving companies and features excellent access to U.S. Route 101, California State Route 237 and Lawrence and Central expressways.
The property also is served by a CalTrain Shuttle from the Lawrence CalTrain Station and is positioned close to the new City Sport fitness center, many restaurants plus other retail and hospitality services, including those directly across Lawrence Expressway in Oakmead Business Park.
Mike Connor and Kalil Jenab with DTZ represented Principal Real Estate Investors in the transaction. Terms of the deal were not disclosed.
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