Cassidy Turley CPS Significant Deals – February 8, 2011

Published on February 08, 2011

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today.....


South Bay Sells 90,120 SF Coherent Building in Santa Clara to Matteson Investment

February 8, 2011 – Eric Fox and Steve Horton with Cassidy Turley CPS represented seller South Bay Development in the sale of a 90,120-square-foot single-story R&D/office building in Santa Clara. The buyer was Matteson Investment. The property is located at 5200 Patrick Henry Drive, between Tasman Drive and Highway 237. The property has a new 10-year NNN lease (beginning August 2010) to Coherent, Inc., which also owns its global headquarters next door to the subject property. 5200 Patrick Henry underwent recent comprehensive interior and exterior renovation prior to the sale. The purchase price was undisclosed.

Private Investor Buys 55,612 SF Vacant R&D Building in Milpitas from South Bay

February 8, 2011 – Eric Fox, Sutton Roley, Mike Baker and Scott Borgia with Cassidy Turley CPS collaborated in representing both parties in the investment sale of a 55,612-square-foot R&D building located at 1623 Buckeye Drive in Milpitas. The property is part of the Oak Creek Business Park. Fox, Roley and Baker represented the seller, South Bay Development Company, and Borgia represented the buyer, a private investor. The building was fully vacant at the time of sale. South Bay Development acquired the property as part of a larger portfolio about 10 months prior.

Campbell Tech Park Signs More New Tenants, Cenzi and SCI Solutions

February 8, 2011 – Steve Pace, Dan Hollingsworth and Karen Sigl with Cassidy Turley CPS represented landlord Campbell Technology Park, LLC in two new lease transactions at the Campbell Technology Park. The largest of these new tenants is Cenzic, Inc., which signed a lease for 15,629 square feet of space on the ground floor at 655 Campbell Technology Parkway. Cenzic is the trusted provider of software, managed service, and cloud security products that help organizations secure their websites against hacker attacks. The second new deal was from SCI Solutions, which leased 8,239 square feet on the second floor of the same building. SCI Solutions develops, sells and services software for the health care industry. Campbell Technology Park is a high-image corporate office/R&D park totaling five buildings. It has attracted a strong amount of new and renewal tenancy over the past several months.

Terremark Acquires 20,299 SF Building in Santa Clara for Data Center Conversion

February 8, 2011 – Justin Reilly and Meghan Sandlin with Cassidy Turley CPS represented seller Dave Feece in the sale of a multi-tenant 20,299-square-foot R&D/industrial building on 0.94 acres in Santa Clara. The buyer was Terremark Worldwide, Inc., a data storage company. The single-story, multi-tenant property is located at 2930-2964 Corvin Drive and currently consists of eight units, ranging from 1,100 to 9,059 square feet. Terremark plans to convert the property to a data center. The property features new landscaping and exterior upgrades and yard space and is close to Lawrence and Central Expressways and Highway 101. It was recently announced that Verizon Wireless has agreed to acquire Terremark Worldwide.

Appcelerator Leases 20,184 SF R&D Building in Mountain View Research Park

February 8, 2011 – Brian McClenahan, Gregory M. Davies, Colin Feichtmeir and Steve Horton, with Cassidy Turley CPS brokered the lease of 20,184 square feet of office/R&D space at 440 North Bernardo Avenue in the Mountain View Research Park between landlord, Boston Properties, and tenant, Appcelerator Inc. McClenahan and Davies represented Appcelerator, the second largest publisher in the Apple App Store and the leading platform for rapidly developing native mobile, desktop, and tablet applications using web technologies. Feichtmeir and Horton represented Boston Properties.

Santa Clara University Leases 13,732 SF Across Street at University Station

February 8, 2011 – Steve Horton with Cassidy Turley CPS represented landlord Bixby Land Company in the lease of 13,732 square feet of R&D/office space at University Station in Santa Clara. The tenant is President & Board of Trustees of Santa Clara University. The Class A space is located at 475 El Camino Real, directly across the street from the University.

New Solar Firm, D2Solar, Leases Space at Bering/Zanker Business Park in North San Jose

February 8, 2011 – Steve Pace, Dan Hollingsworth and Karen Sigl with Cassidy Turley CPS represented landlord Dollinger Properties in the new lease of 8,176 square feet of R&D/office space at the Bering/Zanker Business Park in North San Jose. The tenant is D2 Solar, which leased the unit located at 2369 Bering Drive. D2 Solar specializes in helping companies design, develop, test, and manufacture solar photovoltaic modules.

Investor Buys 7,235 SF REO Multi-Tenant Retail Property in East San Jose

February 8, 2011 – Steve Pace, Dan Hollingsworth and Karen Sigl with Cassidy Turley CPS represented the Seller, a private party, represented by Wells Fargo Bank's Trust Department, in the sale of a 7,325 square foot four-tenant retail property in East San Jose for $2,342,500 ($320/SF). The buyer was NTT McKee Retail Center LLC. The property is located at 2285-2299 McKee Rd. at the heavily trafficked intersection of Jackson Ave. Tenants in the project include Tapioca Express, Dana's Hair Design, Valley Florist and Stop N Save.

Russell’s Furniture Renews 52,982 SF Industrial Space in Santa Clara

February 8, 2011 – Jon DeCoite and Alan Guterman with Cassidy Turley CPS represented tenant Rusnak Associates dba Russell’s Furniture in its lease renewal of 52,982 square feet of industrial space at 621-631 Walsh Avenue in Santa Clara. The property, which is part of a larger multi-tenant industrial facility, is owned by Pelio & Associates.

Santa Clara Industrial Building Drives Price of $900K from Automotive School

February 8, 2011 – Justin Reilly and Dave Schley with Cassidy Turley CPS represented seller C&R Properties in its sale of a 6,000-square-foot industrial building on ±0.43 acres in Santa Clara for $900,000 ($150 per square foot). The buyer was Thao Nguyen, an owner/user, which will utilize the property as an automotive school. The building is located at 1810 Martin Avenue. Reilly and Schley had also represented C&R Properties in the sale of the 11,700-square-foot sister building directly next door at 1825 Scott Boulevard last summer to a different user.


Mark Bollozos

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