Silicon Valley's Top 5 Office Sales of 2015
Sales prices are off the charts in Silicon Valley this year and are trending upward, Cushman & Wakefield senior analyst James Masuda tells us. We tracked the top five deals on a price PSF basis.
Square feet: 28,821
Buyer: 274 Castro Street Trust (Peninsula Co)
Seller: Rubicon Point Partners
Price/SF: $804.97
Tenant: Fully leased to Quixey at the time of sale
Month closed: January
Square feet: 59,384
Buyer: Prudential Real Estate Advisors
Seller: Downtown Properties Holdings
Price/SF: $747.41
Tenant: Fully leased to Apple at the time of sale
Month closed: August
Square feet: 6,452
Buyer: Sridhar Equities
Seller: Thomas P. Stepovich
Price/SF: $705.21
Month closed: July
Square feet: 385,000
Buyer: Samsung Electronics
Seller: TMG Partners/Farallon Capital Management
Price/SF: $650
Tenant: Samsung
Month closed: May
Square feet: 24,420
Buyer: Premia 215C LLC
Seller: Recap Mountain View Co-Investor LP
Price/SF: $614.25
Month closed: January
