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CBRE JV With German Fund Buying Netflix HQ for $192M


CBRE Global Investors and Germany-based WealthCap Management are expected to close on the 263k SF Netflix HQ in the next couple of weeks. We reported owners Menlo Park-based Sand Hill Property Co and The Carlyle Group put the office on the market in May. Netflix has signed a 10-year triple-net lease on the property that runs through 2025. When JLL was charged with selling the property, JLL managing director Erik Doyle said he expected foreign capital sources to be interested in the new two-building campus. [TR]