{"id":1004035535,"date":"2011-12-12T06:25:59","date_gmt":"2011-12-12T14:25:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004034997"},"modified":"2022-12-08T02:30:47","modified_gmt":"2022-12-08T10:30:47","slug":"divcowest-buys-251-ksf-5-property-silicon-valley-office-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/divcowest-buys-251-ksf-5-property-silicon-valley-office-portfolio\/","title":{"rendered":"DivcoWest Buys 251 KSF, 5-Property Silicon Valley Office Portfolio"},"content":{"rendered":"

December 12, 2011<\/strong>
\nBy Nicholas Ziegler, News Editor<\/em>
\n

\"\"<\/a>

2630 Walsh Ave. in Santa Clara<\/p><\/div><\/p>\n

Picking up five office properties in Santa Clara, Calif., DivcoWest spent nearly $40 million on the 251,000-square-foot Walsh @ Bowers portfolio. The buildings, sold by RREEF, were marketed by Cassidy Turley.<\/p>\n

The offices, located at 2400, 2424, 2630 and 2710 Walsh Ave. and at 2855 Bowers Ave., were built between 1975 and 1980. Major tenants include the Institute for Business & Technology, Hanwha Solar and Evans Analytical Group, which each occupy individual buildings. Total occupancy is approximately 70 percent.<\/p>\n

Calling the properties \u201can execellent portfolio in a highly desireable location,\u201d Stuart Shiff, CEO of DivcoWest, added that the buildings\u2019 sizing would accommodate a wide variety of tenants, from major corporations to smaller start-ups.<\/p>\n

According to a report by Jones Lang LaSalle, the Silicon Valley area has become a hotspot for office leasing and for venture-capital funding. \u201cLeasing activity in 2011,\u201d the report noted, \u201chas been robust. Strong demand is creating limited space availabilities.\u201d<\/p>\n

Divco will market 2400 Walsh and 2424 Walsh for sale in early 2012. The two buildings, which are not located next to the other three addresses, have stable cash flow that will provide an investor with an attractive investment opportunity.<\/p>\n","protected":false},"excerpt":{"rendered":"

Picking up five office properties in Santa Clara, Calif., DivcoWest spent nearly $40 million on the 251,000-square-foot Walsh @ Bowers portfolio. The buildings, sold by RREEF, were marketed by Cassidy Turley.<\/p>\n","protected":false},"author":1201,"featured_media":1004038157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742,21747,15],"tags":[],"class_list":["post-1004035535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest","category-office","category-west"],"acf":[],"yoast_head":"\nDivcoWest Buys 251 KSF, 5-Property Silicon Valley Office Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/divcowest-buys-251-ksf-5-property-silicon-valley-office-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DivcoWest Buys 251 KSF, 5-Property Silicon Valley Office Portfolio\" \/>\n<meta property=\"og:description\" content=\"Picking up five office properties in Santa Clara, Calif., DivcoWest spent nearly $40 million on the 251,000-square-foot Walsh @ Bowers portfolio. 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