IRVINE, CALIFORNIA – JULY 8, 2013: Savills has advised Deka Immobilien on the sale of Century Plaza II, a six-story, 99,126-square-foot Class-A office building located at 560 S. Winchester Blvd. in San Jose, California in the heart of Silicon Valley.[contextly_sidebar id=”ee675dcff6e4ad31efa5f30d6089618d”]San Francisco-based Grosvenor Americas was the purchaser.
“This Silicon Valley market environment is characterized by strong fundamentals, including high demand, low vacancy and a limited supply of investment-grade product,” said Robert Stamm, executive managing director with Savills. “The parties in this transaction capitalized on these dynamics.”
The property is fully leased to Rockefeller Group Business Centers, Cushman & Wakefield and Bank of America. The building is immediately adjacent to Santana Row, a vibrant, pedestrian-friendly, mixed-use development with upscale shopping, dining, residential units and a boutique hotel.
About Savills LLC
Savills LLC is a real estate investment banking firm offering debt and equity placement, note sales, investment sales, cross-border investment, advisory and asset management services across all property types. Savills’ North American headquarters is in New York, with offices in suburban Washington D.C. and Orange Country, California.
The professionals of Savills LLC have executed more than $50 billion in real estate transactions, spanning the full range of property types, including multifamily, office, medical office, retail, industrial and hospitality.
Listed on the London Stock Exchange, Savills plc is one of the world’s leading real estate advisors, with more than 200 offices and approximately 26,000 professionals in principal cities throughout the Americas, Europe, Asia Pacific, Africa and the Middle East.