TMG, Grove and Lone Star Acquire 2.2MM SQFT Silicon Valley R&D Portfolio for Under $650MM

TMG and Grove step in as operating partners on a 140-acre, six-campus R&D platform even as vacancy climbs and per-square-foot pricing lags well behind its five-year average across Silicon Valley's Golden Triangle. TMG Partners, Grove Real Estate Partners and Lone Star Funds have acquired a 2.2-million-square-foot, six-campus Silicon Valley research-and-development portfolio from Washington Holdings, the […]