August 24th, 2018
Miramar Capital Completes Acquisition of Sunnyvale Technology Park in Sunnyvale, California
Miramar Capital in partnership with an affiliate of Garrison Investment Group announced it has completed the acquisition of Sunnyvale Technology Park, a three building office campus totaling 139,482 square feet which is situated on 8.9 acres in the rapidly growing Peery Park area of Sunnyvale, California. The Property is located a quarter mile from the Moffett Park VTA Station and a new high-frequency VTA 523 bus service within one block on Mathilda. The City of Sunnyvale published a new Peery Park Specific Plan in 2016 to guide development and growth of the formerly industrial region. The Property presents a unique opportunity to acquire a large office campus with value-add potential in an area that is dominated by some of the world’s largest tech companies including Apple, Amazon, Facebook and Google.
The Property is currently 100 percent leased to Proofpoint. Inc.
Miramar Capital is a privately held real estate investment platform focused on high quality office and multifamily investments in California. Miramar Capital is based in Santa Monica, California with a regional office located in Silicon Valley.