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November 20, 2019  

Builder Shops Silicon Valley Campus

Sobrato Family Foundation is marketing an office complex in Santa Clara, Calif., that’s fully occupied by a large technology company on a long-term lease.The 329,000-square-foot property encompasses two office buildings and a small amenities building. The listing is expected to draw bids around $265 million, or $806/sf. That price would produce an initial annual yield of roughly 5%.Eastdil Secured is representing the owner, the philanthropic...

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