LOS ALTOS, CA: Dutchints Development, LLC, an established Silicon Valley development firm, has expanded its real estate portfolio with the acquisition of a commercial complex within a prime location in Los Altos.
Acquired in July 2019, 745 Distel Drive currently houses a 7,500-square-foot, 24-suite commercial office building on a lot of 24,000 square feet. The site occupies a high-demand setting near Mountain View along a major transit corridor, close to a VTA bus stop and popular dining and shopping attractions at San Antonio Center, and less than one mile from the San Antonio Caltrain Station.
Ciyavash Moazzami, VP of Land Acquisitions for Dutchints, states, “Future redevelopment plans are currently inconclusive.”
The purchase of 745 Distel Drive sits adjacent to 5150 El Camino Real, another recent acquisition by Dutchints Development. Closed in April 2018, the project at 5150 El Camino Real is proposed to add 172 condominiums and 24 townhomes to Los Altos.
About Dutchints Development, LLC:
Dutchints Development is a private development firm geared towards creative real estate solutions. Its principal and partners have been involved in real estate development since 2004, and have built a mature platform that blends industry-leading innovation with community-centric sensibilities. Though local single-family homes have always been at the heart of Dutchints Development’s work, the firm has recently expanded to include multi-family housing throughout Silicon Valley and beyond.