A national construction company with deep roots in the Bay Area is placing a bet on its future in Silicon Valley and the region. DPR, which has offices in San Francisco, Redwood City, San Jose and Sacramento, just made an acquisition in Santa Clara for $49,370,000, or roughly $342 per square foot. The purchase was for the 144,277 square foot 5201 Patrick Henry Drive, an ‘80s vintage property that has a unique wedge shape and is in close proximity to Levi’s Stadium and Related’s massive, 9.2 million square foot mixed-use redevelopment, according to public documents reviewed by The Registry.
The seller of the property was its long-time owner, an entity associated with developer W.F. Batton and the Batton family trust and its members.
According to the property’s web page on LoopNet, this building is a three-story property that features a big glass atrium in the center of the building. It also features a long, sloping roofline that exposes large outdoor terraces, an expansive lawn area and free parking. The property sits on a parcel that is nearly 7.2 acres large.
According to industry reports, Apple was a tenant in the property, and the company vacated the building over the last year or so. The property is zoned as a light industrial building, and it features 2,000 amp power. At one point, the building was used as a manufacturing facility for Dysan, a former American storage media manufacturing corporation.
No information at this point was available about the future use of this asset, and if DPR is reducing its presence across any of its other offices.
This is a developing story and any new updates will be provided here as soon as they are available.