{"id":1004516866,"date":"2021-03-18T02:24:57","date_gmt":"2021-03-18T10:24:57","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004516866"},"modified":"2021-05-15T10:17:02","modified_gmt":"2021-05-15T18:17:02","slug":"equus-capital-sells-silicon-valley-assets-for-42m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/equus-capital-sells-silicon-valley-assets-for-42m\/","title":{"rendered":"Equus Capital Sells Silicon Valley Assets for $42M"},"content":{"rendered":"
\"Walsh<\/a>

Walsh Bowers. Image courtesy of Equus Capital Partners Ltd.<\/em><\/p><\/div>\n

An affiliate of GI Partners, a San Francisco-based private investment firm, has acquired a two-building office\/R&D portfolio totaling 108,459 square feet in Santa Clara, Calif., from Equus Capital Partners Ltd., for $41.5 million.<\/p>\n

The sale of the Walsh Bowers portfolio was made on behalf of Equus Investment Partnership X, LP (Fund X) a $361 million discretionary equity fund managed by Equus.<\/p>\n

\n

READ ALSO<\/strong>: Dror Poleg on Post-Pandemic Office Demand<\/a><\/p>\n

\n

Equus, a private equity real estate investment management firm based near Philadelphia, acquired the properties at 2845-55 Bowers Ave. and 2710 Walsh Ave. in Silicon Valley\u2019s highly sought after \u201cGolden Triangle\u201d in early 2017 from Swift Real Estate Partners for $32 million<\/a>. The combined parcels total 6.31 acres and are bordered by Highway 101, Interstate 880 and California 237, which provides excellent regional access throughout Silicon Valley. The properties, built in 1975 and 1980, have convenient access to both San Francisco and Oakland, Calif., and are less than 5 miles to the Mineta San Jose International Airport. The portfolio is also a 10-minute drive to Levi\u2019s Stadium and Santa Clara Convention Center and 1.3 miles from the Lawrence Caltrain station.<\/p>\n

Robert Butchenhart, vice president for Equus and manager of Equus\u2019 West Coast office in Los Angeles, told Commercial Property Executive<\/em> both assets were fully leased. He said 2710 Walsh Ave. has one tenant and 2845-55 Bowers Ave. has two.<\/p>\n

Butchenhart said in prepared comments the firm envisioned the portfolio as a classic \u201ccovered land play\u201d when it acquired it in 2017 and has maintained short-term occupancy to make it easier for a new owner to redevelop the properties and capture significant density upside.<\/p>\n

Tim Guarnieri of Newmark represented GI Partners. Eric Fox, Steve Hermann and Seth Siegel of Cushman & Wakefield represented Equus in the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new owner has emerged for a two-building office\/R&D property in Santa Clara, Calif.<\/p>\n","protected":false},"author":1068,"featured_media":1004528886,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21783,21742,21747,36079,15],"tags":[32799,33346,33309,50999,34208],"class_list":["post-1004516866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-investment","category-latest","category-office","category-san-jose","category-west","tag-cushman-wakefield","tag-equus-capital-partners","tag-gi-partners","tag-newmark","tag-swift-real-estate-partners"],"acf":[],"yoast_head":"\nEquus Capital Sells Silicon Valley Assets for $42M - 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\/equus-capital-sells-silicon-valley-assets-for-42m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Equus Capital Sells Silicon Valley Assets for $42M\" \/>\n<meta property=\"og:description\" content=\"A new owner has emerged for a two-building office\/R&D property in Santa Clara, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/equus-capital-sells-silicon-valley-assets-for-42m\/\" \/>\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=\"2021-03-18T10:24:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T18:17:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Walsh-Bowers-Aerial.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=\"Gail Kalinoski\" \/>\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\/equus-capital-sells-silicon-valley-assets-for-42m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/equus-capital-sells-silicon-valley-assets-for-42m\/\",\"name\":\"Equus Capital Sells Silicon Valley Assets for $42M - 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