{"id":1004309300,"date":"2019-03-18T06:27:08","date_gmt":"2019-03-18T14:27:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004309300"},"modified":"2019-03-22T03:04:45","modified_gmt":"2019-03-22T11:04:45","slug":"mori-trust-buys-silicon-valley-office-for-429m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mori-trust-buys-silicon-valley-office-for-429m\/","title":{"rendered":"Mori Trust Buys Silicon Valley Office for $429M"},"content":{"rendered":"
\"\"<\/a>

HQ@First<\/p><\/div>\n

Lane Partners has sold HQ@First, a 591,045-square-foot Class A office campus in San Jose, Calif., for $429 million, according to Yardi Matrix. The all-cash acquisition marks buyer Mori Trust\u2019s second major purchase in the U.S., following a $673 million deal in Boston<\/a> in early 2017.<\/p>\n

The campus\u2019 three seven-story buildings, located at 110, 120 and 130 Holger Way in the San Jose – North submarket, are adjacent to a number of retailers, including Target and CVS, as well as two hotels. Santa Clara\u2019s VTA operates a light rail station a short distance away, along with bus stops in the immediate area.<\/p>\n

Opened in 2010, the campus served as Brocade Communications\u2019 headquarters until the firm was acquired by Broadcom in 2017, according to The Mercury News<\/em>. The company significantly downsized following the sale, and Micron Technologies signed a lease in the second quarter of 2018 to fully occupy the property. Broadcom sold the asset in November 2017 for $225.5 million, per Yardi Matrix data.<\/p>\n

The LEED Gold-certified property, designed by KHSA, contains a cafeteria, an outdoor sports court and a 7,500-square-foot fitness center. Parking is available in a 1,863-stall garage, which features a large, 550-kilowatt solar panel system atop the structure.<\/p>\n

Last year, 3 miles south of HQ@First, Transwestern Investment Group traded a six-building office park<\/a> for just shy of $84 million. The asset contains approximately 300,000 square feet and is home to more than 50 businesses.<\/p>\n

Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The nearly 600,000-square-foot LEED Gold campus contains three buildings fully leased by Micron Technologies. The asset last changed hands in late 2017 for more than $225 million.<\/p>\n","protected":false},"author":861,"featured_media":1004309306,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,36079,15],"tags":[44723,32779,37172],"class_list":["post-1004309300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-san-jose","category-west","tag-lane-partners","tag-leed","tag-mori-building-company"],"acf":[],"yoast_head":"\nMori Trust Buys Silicon Valley Office for $429M - 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\/mori-trust-buys-silicon-valley-office-for-429m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mori Trust Buys Silicon Valley Office for $429M\" \/>\n<meta property=\"og:description\" content=\"The nearly 600,000-square-foot LEED Gold campus contains three buildings fully leased by Micron Technologies. The asset last changed hands in late 2017 for more than $225 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mori-trust-buys-silicon-valley-office-for-429m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-18T14:27:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-22T11:04:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/HQ-at-First.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mori-trust-buys-silicon-valley-office-for-429m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mori-trust-buys-silicon-valley-office-for-429m\/\",\"name\":\"Mori Trust Buys Silicon Valley Office for $429M - 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