San Jose, CA (March 21, 2019) – NKF Capital Markets is pleased to announce the sale of HQ @first, a state-of-the art, three building office campus in the Golden Triangle, Silicon Valley’s premier real estate center. The entire campus is leased for 16 years to Micron Technology, Inc., a producer of computer and semiconductor technology.
NKF Capital Markets Vice Chairman Steven Golubchik, Executive Managing Director Edmund Najera, Vice Chairman Ramsey Daya, Divisional Head of International Capital Markets Alex Foshay and Associate Director David Hosler represented the seller Lane Partners in the transaction to the buyer Mori Trust.
Constructed in 2010, the project encompasses 603,666 square feet of office space, 9.7 acres of land and 1,851 parking spaces. HQ @first is located along the 237 Corridor, providing immediate access to I-880 and I-680, I-101 and Hwy 237. The campus has direct access to popular restaurants Chik-Fil-A, Chipotle, Panera Bread and Rok Steakhouse & Grill, in addition to 220,000+ SF of walkable retail options.
HQ @first’s campus offers tenants a robust amenity package, including a fitness center, 110- seat theater and a basketball court & turf lawn. The LEED Gold Certified property additionally features a one-acre rooftop solar farm and new landscaping throughout the campus.
“HQ @first was a unique opportunity to acquire a high-quality asset of scale leased long-term to an investment grade tenant. Mori Trust’s investment highlights foreign capital’s continued interest in best-in-class assets within the Silicon Valley,” said Golubchik.
NKF Capital Markets, operated by Newmark Group, Inc., is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, our 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
We provide access to a wide range of services, including asset sales, sale leasebacks, mortgage and entity-level financing, equity raising, underwriting and due diligence. The transactions we broker involve vacant land, new real estate developments and existing buildings. We specialize in arranging financing for most types of value-added commercial real estate, including land, condominium conversions, subdivisions, office, retail, industrial, multifamily, student housing, hotels, data center, healthcare, self-storage and special use. For further information, visit www.ngkf.com/capitalmarkets.
Newmark Group, Inc., which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.