Investment Partnership Leads To Big Acquisition In Cupertino
Madison Marquette recently partnered with Hana Financial Investment and Darby Hana to acquire De Anza Plaza in Cupertino. De Anza Plaza is an 83,959 SF trophy office complex at the corner of De Anza and Stevens Creek boulevards. It consists of two adjacent buildings fully leased by Apple.
The acquisition was financed by KEB Hana Bank, an affiliate of Hana Financial Group, and advised by Darby Hana, an affiliate of Franklin Templeton Investments. This transaction underscores Madison Marquette's desire in expanding its portfolio.
“We look forward to growing our partnership with Hana Financial Investment as well as its parent company Hana Financial Group and Darby Hana as we explore additional investment opportunities in major markets across the country,” Madison Marquette COO and senior managing director of global capital & investments Peter Jun said.
Madison Marquette director of investments – West Coast Chad Eisenbud said the partnership is part of Madison Marquette’s interest to expand the type and scope of assets it acquires and manages.
"De Anza Plaza is a jewel property offering long-term tenancy and a platinum location where supply constraint supports increasing rents and ongoing space demand,” Eisenbud said.
Madison Marquette will handle both asset management and property management of De Anza Plaza going forward.