Brookfield Sells San Jose Office Complex for $95MM

Brookfield Asset Management 3545 North 1st St. Westbrook Partners Blackstone CarrAmerica Silicon Valley commercial real estate

Brookfield Asset Management Inc., the New York and Toronto-based real estate investor sold one of its California holdings in San Jose for $95 million, according to public documents. The seven-building, 24-acre complex is located at 3545 North 1st St. in San Jose just south of West Tasman Dr. The buyer was New York-based Westbrook Partners.

Brookfield had owned the property since November of 2013, when it purchased the asset for $85 million from Blackstone, according to public records. The building was part of the CarrAmerica portfolio, which the New York firm acquired in the 2006 merger of the two companies.

MKS Instruments, Immersion Corporation and f5 Networks are the tenants in the complex.