By Kate Snyder
Oracle Corp. has listed for sale part of its 81-acre Santa Clara campus, according to a report by the Silicon Valley Business Journal. The listing was put up about three weeks ago and includes 52.8 acres, which contains part of the historic Agnews Developmental Center. Eastdil Secured is marketing the property on behalf of Oracle. However, no guidance pricing was provided. The remaining portion of the campus that is not included in the listing contains five office and R&D buildings.
Located at 4120 Network Circle, the 14-building campus contains approximately 1.1 million square feet of office space, according to information from Tutor Perini, which was the general contractor on the complex when it was constructed in 2001. Part of the construction included the restoration of four historic buildings near the campus’s main entrance from the Agnews Developmental Center that previously occupied the site.
Part of the campus was the former home of the Agnews Insane Asylum, according to information from the National Park Service. That portion of the campus consists of a grouping of numerous reinforced concrete, brick, stucco and tile buildings constructed in large rectangular-shaped plans and designed in a Mediterranean Revival style. Decades after the facility closed, the State of California put up for sale 90 acres of the former site of Agnews Developmental Center, and Sun Microsystems invested $10 million in the restoration of key historic buildings on the property and also built its corporate headquarters as well as office and research space. Oracle has owned Sun Microsystems, and the Santa Clara campus, since 2010, according to the SVBJ report.
In another attempt to decrease the size of its Bay Area footprint, Oracle also put a 185,700 square foot building that it occupies in Pleasanton onto the sublease market, according to The Registry’s previous reporting. Located at 5805 Owens Dr., the Class A property is five stories tall, and each floor is 37,140 square feet in size. The site also has 150 surface parking spaces.
Last year, Oracle also sold an office complex plus adjacent land to BioMed Realty for a total of $160 million, or about $631 per square foot. That complex is located at 301, 401 and 501 Island Parkway in Belmont. Oracle has also recently announced its intentions to relocate its headquarters from the Bay Area to Texas.