SAN FRANCISCO—DivcoWest has finalized the purchased of 1252 and 1310 Orleans Dr. The single-story office/research and development buildings were purchased from Orchard Partners and AEW Capital Management. The sale price was not disclosed.
The 100,000-sq.-ft. portfolio is completed leased on a triple net basis to Bloom Energy and Accuray Inc.
Joe Moriarty and Tyler Meyerdirk of CB Richard Ellis marketed the transaction.
DivcoWest is a Northern California-based private real estate investment firm. The company owns 30 million sq. ft. of commercial property throughout the United States.