Projects Located in Silicon Valley and The Peninsula
August 21, 2012 – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that veteran investment specialists Robert Gilley, Steve Hermann and Eric Fox of the firm’s San Francisco and San Jose offices have been selected to market three separate investment offerings totaling 665,852 square feet in seven existing buildings (plus additional entitlement potential) located in Silicon Valley and The Peninsula. The combined value of the offerings is projected at a value of over $200 million. Recognized among the most respected investment brokers in Northern California, Gilley and Hermann, both Executive Managing Directors with Cassidy Turley, and Fox, their partner on listings in the Silicon Valley and Peninsula, were collectively retained to list the various projects by major property ownerships to include Prudential Real Estate Investors, Hines Interests and joint venture J.P. Morgan/Cannae Partners.
Prudential Investors selected Gilley, Hermann and Fox to market a three-building project known as The Landing at Great America in Santa Clara. The project consists of three existing steel-frame Class A office/R&D buildings totaling 307,050 square feet, plus entitlement potential for an additional 249,305 square feet of buildings. The property is located at 5450-5480 Great America Parkway, situated immediately off of Highway 237. The Landing at Great America is 100% leased to three major tenants; Dell, Arista and Oracle. Official marketing of the offering began just recently.
Hines Interests selected Gilley, Hermann and Fox to market a three-building office complex known as 2000 Alameda in San Mateo that totals 254,145 square feet. The project is located at 1900-2000 Alameda De Las Pulgas, bordered by the Peninsula Golf & Country Club and positioned off of Highway 92. 2000 Alameda is currently 91% leased to multiple tenants. Official marketing of the asset began the week of July 23rd.
J.P. Morgan and Cannae Partners selected Gilley, Hermann and Fox to sell 2125 O’Nel Drive, a single freestanding R&D building totaling 104,657 square feet well positioned in North San Jose. The property is visible from Highway 101 and located nearby the San Jose International Airport. It was recently refurbished. The building is 100% leased to a public company, providing stable tenancy. The listing team is currently in the pre-marketing phase.
Gilley stated, “We are delighted and honored to have been chosen as the marketing team by these very well respected ownerships and are eager to secure potential buyers. Each of these three separate assets is very well maintained and satisfies the extensive checklist that today’s active pool of investors are seeking; high quality product that is well located within key markets and that generates stable income from strong tenants.” Hermann added, “Led by growth in leasing demand in the Silicon Valley and along The Peninsula, the investment sector is definitely seeing strong demand for quality property. We anticipate these offerings will be very attractive to the right buyers.”
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,600 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside of North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.
Cassidy Turley provides regional real estate services in Northern California. With 15 Northern California offices and a 400-member team, our Northern California market leadership is demonstrated by completion of over 3,300 transactions, totaling over $4.3 billion in 2011.