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AEW Capital Management cashes in on Silicon Valley

Boston-based AEW Capital Management LP (AEW) has sold a 1 million sq. ft., mixed-use office/R&D campus in Mountain View, Calif., to San Jose, Calif.-based Divco West Properties LLC and a group of private investors for $72.7 million. Copley Investors LP, a fund managed by AEW on behalf of a number of institutional investors, held the development.

The complex, Shoreline Business Park, consists of 23 buildings and was fully occupied at the time of sale.

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